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  3. exercise 154 ab part level submission juno corporations stockholders equity...

Question: exercise 154 ab part level submission juno corporations stockholders equity...

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Exercise 154 a-b (Part Level Submission) Juno Corporations stockholders equity section at December 31, 2019 appears below: Stockholdeґs equity Paid-in capital common stock, s 10 par, 60,000 outstanding Paid-in capital in excess of par 600,000 150,000 Total pald-In capital s750,000 150,000 S900,DDD Retained earnings Total stockholders equity On ne 20 2020, the board of directors or נ no Corporation declared a 20% stock dividend payable on July 31 2020, to stockholders of record on Ily 15, 2 20 T etair value orJuno Corporations stock June30 2020 was s 5 On December 1, 2020, the board of directors declared a 2 for 1 stock split effective December 15, 2020. Juno Corporations stock was selling for $20 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $190,000 and there wera no cash dividends declared.Prepare the ournal entries on the appropriate dates to record the stock dhldend and the stock sp t select No Entry for the account titles and enter for the amounts.) Creditacou t tities are automatica y ndente·when the amount s entered. Do not ndent man a y T no ent is required Date Account Titles and Explanation Debit Credit 80000 6/30/20 Stock Dividend Common Stock Dividends Distributable Pald- 7/15/20 No Entry No Entry in Capital in Excess of Par-Common Stock 1312D Common Stock Dividends Distributable Common Stock 120000 12/1/20 No Entry No Entry 12/15/20 co

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