For each of the following independent transactions a through d, prepare the necessary journal entry:
(a) Declared a $0.40 per share cash dividend on 200,000 shares of preferred stock outstanding.
(b) Declared and distributed a 12% stock dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25.
(c) Declared and distributed a 2-for-1 stock split on 500,000 shares of $10 par value common stock outstanding.
(d) Declared and distributed a 30% stock dividend on 400,000 common shares of $5 par value common stock outstanding. Market price per common share on this date was $20.
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For each of the following independent transactions a through d, prepare the necessary journal entry:...
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