Green Golf Club Corp had the following stockholders equity a

Green Golf Club Corp. had the following stockholders\' equity at December 31, 2017: Click the icon to view the stockholders\' equity.) On June 30, 2018, Green Golf Club split its common stock 2-for-1. Prepare the stockholders\' equity section of the balance sheet immediately after the split. Assume the balance in retained earnings is unchanged from December 31, 2017 Data Table Green Golf Club, Corp. Balance Sheet (Partial) June 30, 2018 Stockholders\' Equity Stockholders\' Equity Paid-In Capital: Paid-In Capital Common Stock $2 Par Value; 650 shares 600 1,200 1,800 2,700 $4,500 $ authorized, 300 shares issued and outstanding Paid-In Capital in Excess of Par Common Total Paid-In Capital Retained Earnings Total Paid-In Capitl Total Stockholders\' Equity Total Stockholders\' Equity PrintDone Choose from any list or enter any number in the input fields and then cli

Solution

Stock split does not require any journal entry since it does not affect the value of common stock 2 for 1 stock split means -2 common stock for 1.It means number of common stock will double (300*2=600 ) At the same time stock split halve the par value to $1. Stockholder\'s equity Paid in capital: Common stock-$1 par value;650 shares authorized,600 shares issued and outstanding 600 Paid -in-capital in excess of par-common 1200 Total paid-in-capital 1800 Retained earnings 2700 Total stockholder\'s equity 4500