(L.OBJ. 2 Reporting stockholders’ equity after a stock split [10—15 min] Rattler Golf C...

(L.OBJ. 2 Reporting stockholders’ equity after a stock split [10—15 min]

Rattler Golf Club, Corp., had the following stockholders’ equity at December 31, 2011:

On June 30, 2012, Rattler split its common stock 2 for 1,

Requirements

1. Make the memorandum entry to record the stock split.

2. Prepare the stockholders’ equity section of the balance sheet immediately after the split.