pls answer

View Policies Current Attempt in Progress Lotoya Davis Corporation has 10 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 80 cents per share cash dividend to stockholders of record as of June 14, payable June 30. (a) Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Se for Late Attempts: unlimited Question 10 of 12 -/105 View Policies Current Attempt in Progress The common stock of Alexander Hamilton Inc. is currently selling at $120 per share. The directors wish to reduce the share price and Increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share.9 million shares are issued and outstanding Prepare the necessary journal entries assuming the following. (Enter amounts in dollars. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) (a) The board votes a 2-for-1 stock split. (b) The board votes a 100% stock dividend. No. Account Titles and Explanation Debit Credit (a) (6) To record the declaration) To record the distribution) e Textbook and Media