Selected transactions completed by Breezeway Construction during the current fiscal year are as follows:

Feb.	3	Split the common stock 2-for-1 and reduced the par from $40 to $20 per share. After the split, there were 250,000 common shares outstanding.
Apr.	10	Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and $0.08 on the common stock to stockholders of record on May 10, payable on June 9.
June	9	Paid the cash dividends.
Oct.	10	Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36.
Dec.	9	Paid the cash dividends and issued the certificates for the common stock dividend.

Required:

Journalize these transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles.

Journalize each of the transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
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Solution

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
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Explanation