Refer to the information in Brief Exercise 20-49. Instead Landry announces a 2-for-1 stock split not effected through a stock dividend.

a. Prepare the journal entry for the declaration of the stock split on September 30, 2020.

b. Prepare the journal entry for the distribution of the stock split on October 15, 2020.

c. What is the total par value of common stock before and after the stock split?

d. What is the par value per share before and after the stock split?

e. What are the total number of shares before and after the stock split?

Exercise 20-49

Landry Inc. has 10,000 shares of common stock, \$1 par outstanding. On September 30, 2020, Landry declares a stock split effected in the form of a \(100 \%\) stock dividend when the fair value of its common stock is \(\$ 30\) per share. Distribution of the dividend will be on October 15, 2020.