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If the stock price has risen over the last few years

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Unformatted text preview: dividend. Stock Dividend (–SE) 150,000* Common Stock (+SE) 36,000 Additional Paid­In Capital, Common Stock (+SE) 114,000 Declared and issued 10% stock dividend. * $150,000 = (60,000 shares outstanding 10%) $25 per share P12–7 Continued Stockholders’ equity: Common stock ($6 par value, 650,000 shares authorized, 76,000 shares issued, 66,000 shares outstanding, and 10,000 shares held as treasury stock) Additional paid­in capital (C/S) Retained earnings Treasury stock Total stockholders' equity b. $ $ 420,000 525,000 695,000 (100,000) 1,540,000 If Stevenson Enterprises declares the stock dividend and then a stock split, the only journal entry the company would have to make would be the journal entry given in Part (a). Stockholders’ equity: Common stock ($3 par value, 1,300,000 shares authorized, 152,000 shares issued, 132,000 shares outstanding, and 20,000 shares held as treasury stock) Additional paid­in capital (C/S) Retained earnings Treasury stock Total stockholders' equity d. $ 456,000 639,000 5...
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