(a) Prepare journal entries to record the following shares transactions of B&B Corporation. (Explanation is not required for the journal) (8 marks) Date Activities / Events July 1 Issued 50,000 ordinary shares of $10 par value at $15 per share for cash. July 15 Issued 100,000 ordinary shares of $10 par value for a Building valued at $1,800,000. Declared cash dividend of $1 per share for 550,000 shares outstanding. Dividend will be paid on November 8 to shareholders of record on October 20. Sep. 18 (b) Briefly explain the difference between cash dividend and share dividend. (2 marks)