Question: Please help me solve this problem without the help of AI. I need an explanation that would help me understand the problem and arrive to

Please help me solve this problem without the help of AI. I need an explanation that would help me understand the problem and arrive to the answer on my own. Kindly ensure the journal entries have the proper format and they balance. Furthermore, I am providing the list os possible account name where you can choose from, please do not ignore this. Thank you.

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Recording Stock Dividends and Stock Splits The records of Dixie Corporation showed the following balances on November 1, 2020. Common stock, $10 par, 54,000 shares outstanding $540,000 Paid-In capital in excess of par 183,600 Retained earnings 360,000 The fair value of its stock is $18 per share.Prepare journal entries for the following three separate scenarios. a. The company declares (November 1, 2020) and issues (November 20, 2020) a 10% stock dividend. b. The company declares (November 1, 2020) and issues (November 20, 2020) a 10% stock dividend. Of the 5,400 stock dividend shares, 5,040 shares are whole shares and 360 shares are fractional shares. It is the company's policy to pay out fractional shares in cash. c. The company declares (November 1, 2020) and issues (November 20, 2020) a stock split effected in the form of a 100% stock dividend. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. 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). Account Name pr. Cr. a. Nov. 1, 2020 To record declaration of dividend. Nov. 20, 2020 To record issuance of dividend. b. Nov. 1, 2020 To record declaration of dividend. Nov. 20, 2020 To record issuance of stock dividend. Nov. 20, 2020 To record issuance of cash dividend. C. Nov. 1, 2020 To record declaration of dividend. Nov. 20, 2020 To record issuance of stock dividend.For each of the following three separate scenarios, (1) record the journal entry and (2) determine the total number of shares and the par value per share after the stock split. d. The company declares (November 1, 2020) and issues (November 20, 2020) a 2-for-1 stock split. e. The company declares (November 1, 2020) and issues (November 20, 2020) a 5-for-1 stock split. f. The company declares (November 1, 2020) and issues (November 20, 2020) a 3-for-1 reverse stock split. . Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. . 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). Account Name pr. Cr. d. Nov. 1, 2020 To record declaration of stock split. Nov. 20, 2020 To record issuance of stock split. Total number of shares after stock split Par value per share after stock split $ Account Name or Cr. e. Nov. 1, 2020 To record declaration of stock split. Nov. 20, 2020 To record Issuance of stock split. Total number of shares after stock split Par value per share after stock split $ Account Name Dr. Cr. f. Nov. 1, 2020 To record declaration of stock split. Nov. 20, 2020 To record issuance of stock split. Total number of shares after stock split Par value per share after stock split $Cash Equipment Investment In Stock Dividends Payable Property Dividends Payable Preferred Stock Common Stock Common Stock Dividends Distributable Paid-In Capital In Excess of Par-Common Stock Paid-In Capital In Excess of Stated Value-Common Stock Paid-In Capital In Excess of Par-Preferred Stock Paid-In Capital-Retired Stock Paid-In Capital-Treasury Stock Retained Earnings Treasury Stock Legal Expense Unrealized Gain or Loss-Income N/AAccount Name Dr. Cr. a. Nov. 1, 2020 Retained Earnings 97,200 Common Stock Dividends Distributable 54,000 Paid-In Capital In Excess of Par-Common Stock 43,200 To record declaration of dividend. Nov. 20, 2020 Common Stock Dividends Distributable 54,000 Common Stock 54,000 To record issuance of dividend. b. Nov. 1, 2020 Retained Earnings 97,200 Common Stock Dividends Distributable 50,400 Paid-In Capital In Excess of Par-Common Stock X 40,320 x Dividends Payable 6,480 * To record declaration of dividend. Nov. 20, 2020 Common Stock Dividends Distributable 50,400 Common Stock 50,400 To record issuance of stock dividend. Nov. 20, 2020 Dividends Payable 6,480 Cash 0 * 6,480 To record Issuance of cash dividend. Nov. 1, 2020 Retained Earnings 540,000 Common Stock Dividends Distributable 540,000 * To record declaration of dividend. Nov. 20, 2020 Common Stock Dividends Distributable 540,000 Common Stock 540,000 To record issuance of stock dividend.Account Name Dr. Cr. d. Nov. 1, 2020 N/A W N/A To record declaration of stock split. Nov. 20, 2020 N/A 0 * N/A To record issuance of stock split. Total number of shares after stock split 108,000 Par value per share after stock split $ 5 # Account Name Dr. Cr. e. Nov. 1, 2020 N/A # NA To record declaration of stock split. Nov. 20, 2020 N/A N/A 0 V To record Issuance of stock split. Total number of shares after stock split 270,000 Par value per share after stock split $ 2 # Account Name or. Cr. f. Nov. 1, 2020 N/A N/A To record declaration of stock split. Nov. 20, 2020 N/A N/A To record issuance of stock split. Total number of shares after stock split 18,000 Par value per share after stock split $ 30 vb. Nov. 1, 2020 Retained Earnings $97,200 Common Stock Dividends Distributable $50,400 Dividends Payable $6,480 Paid-In Capital In Excess of Par-Common Stock $40,320 To record declaration of dividend

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