The records of Dixie Corporation showed the following balances on November 1, 2020. The fair value of its stock is \(\$ 18\) per share.

Required 

Prepare journal entries for the following six 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 3,000 stock dividend shares, 2,800 shares are whole shares and 200 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.

d. The company declares (November 1, 2020) and issues (November 20, 2020) a 2-for-1 stock split. Determine the total number of shares and the par value per share after the stock split.

e. The company declares (November 1, 2020) and issues (November 20, 2020) a 5-for-1 stock split. Determine the total number of shares and the par value per share after the stock split.

f. The company declares (November 1, 2020) and issues (November 20, 2020) a 3-for-1 reverse stock split. Determine the total number of shares and the par value per share after the stock split.

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Common stock, $10 par, 30,000 shares outstanding. $300,000 Paid-in capital in excess of par. 102,000 Retained earnings 200,000