5. Jackson Enterprises has the following capital (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 a 20 percent stock dividend on January 1 and a $.25 cash dicidend on March 1. What changes occur in the capital accounts after each transaction if the prices of the stock is $4?
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