journalizing stocks

Project Description:

journalize the following selected transactions completed during the current fiscal year:
jan 3:stock split that reduced the par of common shares from $100 to $20. this action increased the # of outstanding shares to 400,000.
jan 22:dividend of $1.50 per share on outstanding shares of common stock
feb 8:paid the dividend from jan 22
sep 1:5% stock dividend on common stock outstanding(fair market value of common stock outstanding is $30)
oct 1: issued the certificates for common stock dividend from sep 1.
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Price Type: Negotiable

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