The Tiger Football Corporation has 7,500 shares of $1.00 par value common stock issued and outstanding.The board of directors declared a 2-for-1 stock split May 10,distributable on June 15,to stockholders of record on June 1.The Retained Earnings account balance is $50,000 on May 10.Prepare the equity section of the balance sheet on May 10 and June 15,before and after the stock split.

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The Answer of The Tiger Football Corporation has 7,500 shares of $1.00 par value common stock issued and outstanding.The board of directors declared a 2-for-1 stock split May 10,distributable on June 15,to stockholders of record on June 1.The Retained Earnings account balance is $50,000 on May 10.Prepare the equity section of the balance sheet on May 10 and June 15,before and after the stock split.

The Tiger Football Corporation Has 7,500 Shares of $1