1. On January 1, 2020, ABC Company had the following items:

Common Stock ($15 par value, 200,000 shares issued and outstanding         $3,000,000

Paid-in Capital in Excess of Par – Common Stock                                                    1,500,000

Retained Earnings                                                                                                        3,200,000

During the period the following transactions occurred.

March 1    Declared a 5% stock dividend to stockholders of record on March 15, distributable March 31.

                   On March 1, the market price of the stock was $12 per share.

March 31 Issued the shares for the stock dividend.

April 1       Announced a 5-for-1 stock split. Prior to the split, the market price per share was $24.

April 2       Declared a $3 cash dividend per share to stockholders of record on April 15, payable May 1.

May 1        Paid the dividend declared in April.

June 1        Announced a 3-for-1 stock split. Prior to the split, the market price per share was $24.

July 1         Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31.

                   On July 1, the market price of the stock was $20 per share.

July 31       Issued the shares for the stock dividend.

Aug 1         Declared a $1 cash dividend per share to stockholders of record on August 15, payable Sept 1.                     

Sept 1        Paid the dividend declared in August.

Journalize the transactions for the cash dividends, stock dividends, and stock split.