Analyzing a Stock Split'

Landry Inc. has $10,000$ shares of $$1$ par common stock outstanding. On September $30,$ Landry announces a $2-$for$-1$ stock split not effected through a stock dividend. The fair value of its common stock is $$30$ per share on September $30.$Distribution of the dividend will be on October $15.$

a$.$ Prepare the journal entry for the declaration of the stock split on September $30.$

b$.$ Prepare the journal entry for the distribution of the stock split on October $15.$

Note: If a$$ journal entry isn't required for the transaction, select $"$N$/$A$"$ as the account$$names and leave the Dr$.$ and Cr$.$ answers blank $($zero$).$

DateAccount NameDr.Cr$.$a$.$Sept. $30$CashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid$-$in Capital in Excess of Par$$Common StockPaid$-$in Capital in Excess of Stated Value$$Common StockPaid$-$in Capital in Excess of Par$$Preferred StockPaid$-$in Capital$$Retired StockPaid$-$in Capital$$Treasury StockRetained EarningsTreasury StockLegal ExpenseUnrealized Gain or Loss$$IncomeN$/$ACashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid$-$in Capital in Excess of Par$$Common StockPaid$-$in Capital in Excess of Stated Value$$Common StockPaid$-$in Capital in Excess of Par$$Preferred StockPaid$-$in Capital$$Retired StockPaid$-$in Capital$$Treasury StockRetained EarningsTreasury StockLegal ExpenseUnrealized Gain or Loss$$IncomeN$/$Ab$.$Oct. $15$CashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid$-$in Capital in Excess of Par$$Common StockPaid$-$in Capital in Excess of Stated Value$$Common StockPaid$-$in Capital in Excess of Par$$Preferred StockPaid$-$in Capital$$Retired StockPaid$-$in Capital$$Treasury StockRetained EarningsTreasury StockLegal ExpenseUnrealized Gain or Loss$$IncomeN$/$ACashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid$-$in Capital in Excess of Par$$Common StockPaid$-$in Capital in Excess of Stated Value$$Common StockPaid$-$in Capital in Excess of Par$$Preferred StockPaid$-$in Capital$$Retired StockPaid$-$in Capital$$Treasury StockRetained EarningsTreasury StockLegal ExpenseUnrealized Gain or Loss$$IncomeN$/$A

c$.$ What is the total par value of common stock before and after the stock split?$$

Total par value before the stock splitTotal par value after the stock split

d$.$ What is the par value per share before and after the stock split?$$

Par value per share before the stock splitPar value per share after the stock split

e$.$ What are the total number of shares before and after the stock split?

Total shares before the stock splitTotal shares after the stock split

Landry Inc. has $10,000$ shares of $$1$ par common stock outstanding. On September $30,$ Landry announces a $2-$for$-1$ stock split not effected through a stock dividend. The fair value of its common stock is $$30$ per share on September $30.$Distribution of the dividend will be on October $15.$

a$.$ Prepare the journal entry for the declaration of the stock split on September $30.$

b$.$ Prepare the journal entry for the distribution of the stock split on October $15.$

Note: If a$$ journal entry isn't required for the transaction, select $"$N$/$A$"$ as the account$$names and leave the Dr$.$ and Cr$.$ answers blank $($zero$).$

DateAccount NameDr.Cr$.$a$.$Sept. $30$CashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid$-$in Capital in Excess of Par$$Common StockPaid$-$in Capital in Excess of Stated Value$$Common StockPaid$-$in Capital in Excess of Par$$Preferred Stoc