Recording Stock Dividends and Stock Splits The records of Dixie Corporation showed the following balances on...

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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, 36,000 shares outstanding $360,000 Paid-in capital in excess of par Retained earnings The fair value of its stock is $18 per share. Accounting for Stock Dividends 122,400 240,000 Accounting for Stock Splits 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 3,600 stock dividend shares, 3,360 shares are whole shares and 240 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 Dr. Cr. a. Nov. 1, 2020 Retained Earnings Common Stock Dividends Distributable 0 0 0 0 0 0 To record declaration of dividend. Nov. 20, 2020 Common Stock Dividends Distributable Common Stock To record issuance of dividend. b. Nov. 1, 2020 Retained Earnings Nov. 20, 2020 To record declaration of dividend. To record issuance of stock dividend. Nov. 20, 2020 Common Stock Dividends Distributable Common Stock 0 0 0 0 0 = 0 = 0 0 oooo 0 0 0 0 0 0 0 0 0 0 0 0 To record issuance of cash dividend. c. Nov. 1, 2020 Retained Earnings 0 0 0 0 To record declaration of dividend. Nov. 20, 2020 Common Stock Dividends Distributable Common Stock 0 0 0 0 To record issuance of stock dividend. Please answer all parts of the question. Recording Stock Dividends and Stock Splits The records of Dixie Corporation showed the following balances on November 1, 2020. Common stock, $10 par, 36,000 shares outstanding $360,000 Paid-in capital in excess of par Retained earnings The fair value of its stock is $18 per share. Accounting for Stock Dividends 122,400 240,000 Accounting for Stock Splits 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 3,600 stock dividend shares, 3,360 shares are whole shares and 240 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 Dr. Cr. a. Nov. 1, 2020 Retained Earnings Common Stock Dividends Distributable 0 0 0 0 0 0 To record declaration of dividend. Nov. 20, 2020 Common Stock Dividends Distributable Common Stock To record issuance of dividend. b. Nov. 1, 2020 Retained Earnings Nov. 20, 2020 To record declaration of dividend. To record issuance of stock dividend. Nov. 20, 2020 Common Stock Dividends Distributable Common Stock 0 0 0 0 0 = 0 = 0 0 oooo 0 0 0 0 0 0 0 0 0 0 0 0 To record issuance of cash dividend. c. Nov. 1, 2020 Retained Earnings 0 0 0 0 To record declaration of dividend. Nov. 20, 2020 Common Stock Dividends Distributable Common Stock 0 0 0 0 To record issuance of stock dividend. Please answer all parts of the question.