Journal entries for dividends. Prepare journal entries for the following transactions of Watt Corporation. The firm has 20.000 shares of S15 par value common stock outstanding on January 1, Year 6. The balance in the Additional Paid-in Capital account on this date is S200.000.

a. Declares a dividend of SO. 50 per share on March 31. Year 6.

b. Pays the dividend in part a on April 15. Year 6.

c. Declares and distributes a 10 percent stock dividend on June 30, Year 6. The market price of the stock is $20 on this date.

d. Declares a S0.50 per share dividend on September 30, Year 6.

e. Pays the dividend in part d on October 15. Year 6.

f. Declares a 3-for-2 stock split on December 31. Year 6, but does not alter the par value.