Prepare journal entry with correct dates

Auto Save Off Book2 - Excel File Home Insert Draw Page Layout Formulas Data Review View Help TE Search Calibri - 11 - A A 9 Wrap Text General Paste B U - B - & - A . E Merge & Center - 6 + % 2 100 20 Conditional Format as Cell Insert Delete Format Formatting . Table Styles Clipboard Font Alignment Number Styles Cells A27 X f Prepare Journal entries with correct date H M N 7 8 The Stockholder's equity section of Perry Inc. as of December 31, 2019, listed the following: 9 10 Preferred Stock 6% 100,000, $5 par 500,000 11 Common Stock 400,000 shares at $1 Par 400,000 12 Paid in Capital in Excess of Par, Preferred Stock 600,000 13 Paid in Capital in Excess of Par, Common Stock 2,000,000 14 Retained Earning 8,000,000 15 Treasury Stock (5,000 Shares) (35,000) 16 Total Stockholder's Equity 11,465,000 17 18 Listed below are 2020 transactions effecting the stockholder's equity of Perry, Inc 19 1. March 3, a 5 for 4 common stock split was declared the split was affected in the form of stock dividend when the per share market value was $8 20 2. June 1, a property dividend of 200,000 shares was distributed to common stockholders. The book value of the shares was $600,000 but had fair value $650,000 21 3. June 15, 1,000 shares of treasury stock were sold at $8 per share 22 4. July 5, a 2% stock dividend was issued to common shareholders. The market value was $9 per share. 23 5. December 1, a 6% dividend was paid to preferred stockholders 24 6. December 1, a cash dividend of $0.75 was declared on common shareholders of record on December 15 and paid December 31 25 5 Required: Prepare Journal entries with correct date 28 20 Sheet1 Problem 2 Ready Type here to search e X W 16 4- + 144 144 # % 2 3 & 4 5 6