7. Jackson Enterprises has the following equity accounts: Common Stock ($1 par, 100,000 Shares outstanding) $100,000 Add

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7 Jackson Enterprises Has The Following Equity Accounts Common Stock 1 Par 100 000 Shares Outstanding 100 000 Add 1 (244.26 KiB) Viewed 27 times

7. Jackson Enterprises has the following equity accounts: Common Stock ($1 par, 100,000 Shares outstanding) $100,000 Additional paid -in-capital $200,000 Retained earnings $225,000 The board of directors has declared 10 percent stock dividend on January 1. What changes occur in the equity accounts after the announcement is the stock price is $5? (For the accounts money will move out, use mins sign, for accounts money will move in use plus sign)