a$.$ On June $1,$ Sox Inc. declared a cash dividend of $$2\mathrm{.}50$ per share on its $100,000$ outstanding shares of

common stock $($ $$0\mathrm{.}10$ par$).$ The dividend is payable on June $15$ to stockholders of record on June $1.$

b$.$ FX Inc. holds $2,000$ shares of Den Co$.$ common stock, purchased in May for $$19$ a share. On June $1,$ FX

Inc. declared a property dividend of $2,000$ shares of Den Co$.$ common stock when the shares were

selling at $$22$ per share. The carrying value of the shares on June $1$ is $$19$ a share.

c$.$ Lox Inc. declared a common stock cash dividend of $$160,000$ on August $15.$ Lox Inc. announced to

shareholders that $$40,000$ of the dividend amount was a return of capital.

d$.$ Vox Inc. has outstanding $4,000$ shares of $$10$ par, cumulative, $5\%$ preferred stock and $20,000$ shares

of $$1$ par common stock. Dividends are in arrears for one year. On June $1,$ the board of directors of Vox

Inc. declared dividends of $$50,000$ to be paid to shareholders at the end of the fiscal year.

Record the entry for declaration of dividends for each of the four separate scenarios.