Business, 22.07.2020 17:01 jose477

The stockholders' equity section of Jun Company'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 $10 (prior to the dividend) Common stock-$5 par value, 465,800 shares authorized, 245,000 shares issued and outstanding $1,225,800
Paid-in capital in excess of par value, common stock 588,809
Retained earnings 878,800
Total stockholders' equity $2,683,000
Prepare the stockholders' equity section immediately after the stock dividend.

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The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2 Ju...