Tent & Tarp Corporation is a manufacturer of outdoor camping equipment. The company was incorporated ten years ago. It is authorized to issue 50,000 shares of $10 par value 5% preferred stock. It is also authorized to issue 500,000 shares of $1 par value common stock. It has issued 5,000 common shares and none of the preferred shares. Tent & Tarp has the following transactions:

Journalize these transactions.

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Mar. 1 Mar. 30 Jul. 10 Declares a cash dividend of $5 per share Pays the cash dividend Declares a property dividend of one 6-person camping tent per share of stock when the price per tent is $150.