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The stockholdersequity section of jun company

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Reference no: EM13899528

The stockholdersequity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $ 20 (prior to the dividend). Prepare the stockholdersequity section immediately after the stock dividend.

Common stock  $ 5 par value, 375,000 shares authorized, 200,000

shares issued and outstanding . . . . . . . $ 1,000,000 

Paid in capital in excess of par value, common stock . . . . . 600,000 

Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 833,000 

Total stockholdersequity . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,433,000 

Reference no: EM13899528

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