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E10-33A (similar to) The stockholders' equity section of the balance sheet for Frozen Yogurt Corporation on October 12, 2019, follows: !!! (Click the icon to view the data.) On October 12, 2018, the market price of Frozen Yogurt common stock was $20 per share. Frozen Yogurt declared and distributed a 9% stock dividend on this date. Read the requirements Requirement 1. Journalize the declaration and distribution of tho 9% stock dividend. (Record debits first, then credits. Exclude explanations from any Journal entries.) Journal Entry Date Accounts Debit Credit Data Table October 12 Common stock. $0 Data Table Stockholders' Equity $ Common stock, $0.30 par, 3,200,000 shares authorized, 400,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss), Total stockholders' equity $ 120,000 861,013 7,144,000 (180,000) $ 7,945,013 Print Done Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. 3. Why is total stockholders' equity unchanged by the stock dividend? 4. Suppose Frozen Yogurt had a cash balance of $620,000 on October 13, 2019. What is the maximum amount of cash dividends the company can declare? Print Done Choos 3 parts remaining Clear All

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