Question

On June 30, 2018, swing golf club split its common stock for 2-for-1. Prepare the stockholder's equity section on the balance sheet immediately after the split. assume the balance in retained earnings is unchanged from December 31, 2017

Paid-In Capital:

Common Stock—$2 Par Value; 650 shares

authorized, 300 shares issued and outstanding

$600

Paid-In Capital in Excess of Par—Common

1,200

Total Paid-In Capital

1,800

Retained Earnings

2,300

Total Stockholders' Equity

$4,100

Swing Golf Club, Corp.

Balance Sheet (Partial)

June 30, 2018

Stockholders' Equity
	Paid-In Capital:
	Total Paid-In Capital
	Total Stockholders' Equity

Answer 1

Swing Golf Club, Corp.
Balance Sheet (Partial)
June 30, 2018
Stockholders' Equity
Paid-In Capital:
Common Stock—$1 Par Value; 650 shares authorized, 600 shares issued and outstanding	$      600
Paid-In Capital in Excess of Par—Common	$   1,200
Total Paid-In Capital	$   1,800
Retained Earnings	$   2,300
Total Stockholders' Equity	$   4,100

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