On January 1, 2014, Geffrey Corporation had the following stockholders’ equity accounts.
| Common Stock ($24 par value, 52,000 shares issued and outstanding) | $1,248,000 | |
| Paid in Capital in Excess of Par”Common Stock | 205,400 | |
| Retained Earnings | 630,000 |
During the year, the following transactions occurred.
| Feb. 1 | Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. | |
| Mar. 1 | Paid the dividend declared in February. | |
| Apr. 1 | Announced a 2 for 1 stock split. Prior to the split, the market price per share was $37. | |
| July 1 | Declared a 14% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. | |
| 31 | Issued the shares for the stock dividend. | |
| Dec. 1 | Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2015. | |
| 31 |
Determined that net income for the year was $362,000 I did the jurnlizing and the post entries (Photos Attached) I’m left with the stockholder equity which I don’t know how to do it |