The stockholders' equity of Shorewood Occupational Therapy, Inc. on December 31, 2023, follows: (Click the icon to view

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The Stockholders Equity Of Shorewood Occupational Therapy Inc On December 31 2023 Follows Click The Icon To View 1 (18.9 KiB) Viewed 10 times

The Stockholders Equity Of Shorewood Occupational Therapy Inc On December 31 2023 Follows Click The Icon To View 2 (13.94 KiB) Viewed 10 times

The stockholders' equity of Shorewood Occupational Therapy, Inc. on December 31, 2023, follows: (Click the icon to view the data.) i (Click the icon to show additional information.) Read the requirements. Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, journalize the declaration of the stock dividend. Date Apr. 30 Accounts and Explanation Debit Credit

Data table Stockholders' Equity Paid-In Capital: Common Stock-$1 Par Value; 1,600 shares authorized, 500 shares issued and outstanding $ Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity More info Print Done Print - Done 500 2,000 2,500 122,000 124,500 X On April 30, 2024, the market price of Shorewood's common stock was $17 per share and the company declared an 11% stock dividend. The stock was distributed on May 15. I X

Requirements 1. Journalize the declaration and distribution of the stock dividend. 2. Prepare the stockholders' equity section of the balance sheet as of May 31, 2024. Assume Retained Earnings are $122,000 on April 30, 2024, before the stock dividend, and the only change made to Retained Earnings before preparing the balance sheet was closing the Stock Dividends account. Print Done