Question

In some cases, companies elect to pay dividends to stockholders in the form of additional shares of stock instead of analysis of Hydrangeas, Inc.'s common stock is as follows: Probler 1: FC Number of common shares 215,000 Shares authorized 6980 4 200,000 Shares issued Shares outstanding 174,500 On September 1, Hydrangeas, Inc. declared a 4% stock dividend for its common stockholders. The stock dividend will be distributed on October 13 for holders of records on October 1. Hydrangeas's common stock has a par value of $0.19 Complete the table to reflect the correct number of common shares in the company after the stock dividend is distributed (Hint: Remember, the number of shares declared (and distributed) are calculated using outstanding shares because only oustandanding shares receive dividends.) Number of common shares Show any work you wish for me to consider for partial credit in this box: = 6980 decleaned Shares authorized 1745006-04 200,000 +6980= 206980 215.000 1206980 181480 Shares issued Shares outstanding On September 1, the market price of Hydrangeas, Inc.'s common stock was $4.50 per share. On October 1, the market price of Hydrangeas, Inc.'s common stock was $4.75 per share. On October 13, the market price of Hydrangeas, Inc.'s common stock was $4.00 per share. Complete the necessary journal entries that Hydrangeas, Inc. made in order to account for the declaration and distribution of its stock dividend. -, lo cual onde se Debit Credit Account Title Date Isepi reddinel earning (6180 *U-SORO Shore) 31410 Kommen stick dist dividend Bang distributable (6980 X6-10) 6.c4 Ne fotony ?aid in capital in se 30312 al Par value (44) B Common Stock dividual disobertok 3146 Cómon2lock at po 10 value 13140

can someone tell me how y'all got the number that I have circled it? and u do for me T account and the same problem in another way please because everything is together I can't understand that part.

I provide everything about the assignment help me with journal entries, and T account and the before and after dividends with an explanation please on how you get the before dividends paid-in capital and common stock, thanks

Answer 1

Particulars	Before Stock dividend	After Stock dividend
common Stock	20000	20698	(20000+698)
Paid in Capital in excess-CS	580000	610712	(580000+30712)
Ret. Earnings	3000000	2968590	(3000000-31410)
Treasury stock	-79050	-79050
total Shareholders' Equity	3520950	3520950
Ledger accounts:
DEBIT	AMOUNT $	CREDIT	AMOUNT $
common Stock
CB	20698	OB	20000
		CS dividend distributable	698	(6980*0.10, PAR VALUE)=698
Paid in Capital in excess-CS
CB	610712	OB	580000
		CS dividend distributable	30712	(6980*4.5 - 6980*0.10)=30712
Retained Earnings
Stock Dividend	31410	OB	3000000	(6980*4.5)=31410
CB	2968590
CS dividend distributable
Common Stock	698	Stock Dividend	698
Treasury Stock
OB	79050	CB	79050