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Jackson Enterprises has the following capital (equity) accounts: Common stock ($3 par; 100,000 shares outstanding) $300,000 Additional paid-in capital 250,000 Retained earnings 200,000 The board of

Jackson Enterprises has the following capital (equity) accounts: Common stock ($3 par; 100,000 shares outstanding) $300,000 Additional paid-in capital 250,000 Retained earnings 200,000 The board of directors has declared a 15 percent stock dividend on January 1 and a $0.20 cash dividend on March 1. What changes occur in the accounts after each transaction if the price of the stock is $6? Round the number of shares outstanding to the nearest whole number and the oth answers to the nearest dollar. The impact of the 15 percent stock dividend: Common stock ($ shares outstanding) Additional paid-in capital Retained earnings The impact of the $0.20 a share cash dividend: par: shares outstanding) Additional paid-in capital Retained earnings par: $ $ Common stock (

Apr 22 2021 View more View Less

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