E15-14 - Common Stock Dividend Distributed $2,000,000.00...

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a) Dr Cr Retained Earnings $370,000.00 Common Stock Dividend Distributed $100,000.00 Paid-in Capital Excess of Par $270,000.00 Common Stock Dividend Distributed $100,000.00 Common Stock $100,000.00 b) Retained Earnings $2,000,000.00
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Unformatted text preview: Common Stock Dividend Distributed $2,000,000.00 Common Stock Dividend Distributed $2,000,000.00 Common Stock $2,000,000.00 c) No entry. Par price becomes $5.00 and outstanding shares increase to 400,000...
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