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Heller Companys balance sheet includes total assets of $3,872,000 and the following equity account balances at December 31, 2019:

Heller Companys

Balance Sheet (Partial)

December 31, 2019

1	Common stock, $5 par, 10,000 shares issued and outstanding	$95,000.00
2	Additional paid-in capitalcommon stock	162,000.00
3	Total capital stock	$257,000.00
4	Retained earnings	411,000.00
5	Total stockholders equity	$668,000.00

Hellers common stock is selling for $23 per share on December 31, 2019.

Required:

1.	Determine how much Hellers Products would have reported for total assets and retained earnings on December 31, 2019, if the firm had declared and paid a $22,000 cash dividend on December 31, 2019. Prepare the journal entry for this cash dividend.
2.	Determine how much Heller would have reported for total assets and retained earnings on December 31, 2019, if the firm had issued a 12% stock dividend on December 31, 2019. Prepare the journal entry for this stock dividend.
3.	Conceptual Connection: How much would Heller have reported for total assets and retained earnings on December 31, 2019, if the firm had effected a 2-for-1 stock split on December 31, 2019? Is a journal entry needed to record the stock split? Chart Of Accounts CHART OF ACCOUNTS Heller Companys General Ledger ASSETS 111 Cash 112 Petty Cash 121 Accounts Receivable 123 Allowance for Doubtful Accounts 124 Notes Receivable 125 Supplies 126 Prepaid Insurance 127 Prepaid Rent 128 Inventory 129 Interest Receivable 130 Investment 131 Land 132 Buildings 133 Equipment 134 Furniture 135 Trucks 139 Accumulated Depreciation 141 Leased Assets LIABILITIES 211 Accounts Payable 212 Utilities Payable 213 Insurance Payable 214 Wages Payable 215 Rent Payable 221 Interest Payable 223 Income Taxes Payable 231 Dividends Payable 232 Unearned Sales Revenue 233 Unearned Rent Revenue 241 Bonds Payable 251 Notes Payable EQUITY 311 Common Stock 312 Additional Paid-In Capital-Common Stock 313 Preferred Stock 314 Additional Paid-In Capital-Preferred Stock 315 Treasury Stock 316 Additional Paid-In Capital-Treasury Stock 321 Retained Earnings 331 Dividends

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