Question one $($Q$1)$: $($Worth $10$ points$)$

For each of the following $3$ independent transactions or situations, prepare the necessary journal entries.

If no journal entry is required, indicate so by typing $"$no journal enty required". Transactions or situations:

$(1)$ Jan $19,2023$: Declared and distributed a $5\%$ share dividend on $100,000$ shares of common shares outstanding. Market price per share on this date was $$12.$

$(2)$ Feb $21,2023$: With $250,000$ shares of common shares outstanding, declared and implemented $2$ for $1$ share split.

$(3)$ March $22,2023$: Declared and distributed a $20\%$ share dividend on $100,000$ shares of common shares outstanding. Market price per share on this date was $$11.$

Question one Answer $-$ Space $($record your answers for question $1$ in the table below$)$:

$16$

$17$

$18$

$19$

$20$

$21$

$22$

$23$

$24$

$25$

$26$

$27$

$28$

$29$

$30$

$31$

$33$

$34$

$35$

$36$

$37$

$38$

$39$

$40$

$41$

$42$

$43$

$44$

Transaction No$.$

Date

General Journal $-$ Accounts $($select from below$)$

Debit

Credit

$3$

Accounts:

Below are accounts that you may use for question $1$ Journal entries above $($note that not all the accounts are applicable, hence you need not use all of them$)$:

Cash

Cash Dividend

Share Dividend Declared

Common Shares

Retained Earnings

Bad Debt Expense