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The stockholders' equity of Lakeshore Occupational Therapy, Inc. on December 31,2023, follows: (Click...

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Accounting

The stockholders' equity of Lakeshore Occupational Therapy, Inc. on December 31,2023, follows:
(Click the icon to view the data.)
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Read the requirements.
Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits
First, journalize the declaration of the stock dividend.
Now journalize the distribution of the stock dividend.
Requirements
Journalize the declaration and distribution of the stock dividend.
Prepare the stockholders' equity section of the balance sheet as of May 31,
Assume Retained Earnings are $127,000 on April 30,2024, before the
stock dividend, and the only change made to Retained Earnings before
preparing the balance sheet was closing the Stock Dividends account.
Data table
i dont understand how they got 84
image

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