The stockholders' equity section of Jun Co's balance sheet as of April 1 follows. On...
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Accounting
The stockholders' equity section of Jun Co's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). Common stock-$5 par value, 405,000 shares authorized, 215,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained carninga Total stockholders' equity $1,075,000 $20,000 848,000 $2,443,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed JUN CO Stockholders' Equity April 2 (ofter stock dividend) Common stock Less cost of treasury stock Paid-in capital in excess of par value, common stock Retained earnings Treasury stock The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). Common stock-$5 par value, 405,000 shares authorized, 215,000 shares issued and outstanding Paid-in capital in excess of par value, comon stock Retained earnings Total stockholders' equity $1,075,000 $20,000 848,000 $2,443,000 Prepare the stockholders' equity section Immediately after the stock dividend is distributed JUN CO Stockholders' Equity April 2 (after stock dividend) Common stock Less cost of treasury stock Pald-in capital in excess of par value, common stock Retained earningo Treasury stock


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