On January 1, 2020, ABC Corporation had the following stockholders equity accounts.

Total number of shares outstanding	150,000
Common Stock ($1 par value, 150,000 shares issued and outstanding)	$ 150,000
Par value	$1
Paid-in Capital in Excess of ParCommon Stock	$202,000
Retained Earnings	$637,000

During the year, the following transactions occurred.

Feb. 1	Declared a $1.5 cash dividend per share to stockholders of record on February 15, payable March 1.
Mar. 1	Paid the dividend declared in February.
Apr. 1	Announced a 4-for-1 stock split. Prior to the split, the market price per share was $35.
July 1	Declared a 7% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $15 per share.
31-Jul	Issued the shares for the stock dividend.
Dec. 1	Declared a $0.15 per share dividend to stockholders of record on December 15, payable January 5, 2021.
31-Dec	Determined that net income for the year was $500,000.

Based on information above, complete following journal entries for each date.