Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000 shares of $100 par value 8% cumulative preferred stock. It is also authorized to issue 750,000 shares of $6 par value common stock. It has issued 50,000 of the common shares and 1,000 of the cumulative preferred shares. The corporation has never declared a dividend and the preferred shares are one years in arrears. Aggregate Mining has the following transactions this year:

Journalize these transactions. For the stock split, show the calculation for how many shares are outstanding after the split and the par value per share after the split

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Mar. 1 Mar. 30 Jul. 10 Declares a cash dividend of $20,000 Pays the cash dividend Declares a 3-for-1 stock split of its common shares