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Ruby Red Corp. stockholder's equity section of the balance sheet looks like this on July...

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Accounting

Ruby Red Corp. stockholder's equity section of the balance sheet looks like this on July 30:
a) Prepare the journal entry to record a 6% stock dividend declared and distributed on July 31 when the
market rate was $25 per share.
b) Post the entries to the T-accounts provided.
c) Show how the stockholder's equity section of the balance sheet will look after this transaction.
Stockholder's Equity:
Common Stock, $2 par, 250,000 shares authorized,
shares issued and outstanding
Paid in Capital in excess of Par Value, Common Stock
Total Paid in Capital
Retained Earnings
Total Stockholder's Equity
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