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Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock $10 par value. 2.000.000 shares authorized, 800.000 shares

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Bradford Company reported stockholders' equity on December 31 of the prior year as follows: Common stock $10 par value. 2.000.000 shares authorized, 800.000 shares issue $8.000.000 Paid-in capital in excess of par, common stock. Retained earnings 3,000,000 7,000,000 Required: Prepare the journal entries for the following selected transactions that occured during the current year: A) February 15: The board of directors declared a 5% stock dividend to stockholders of record on March 1. The stock was selling for $12 per share. 8) March 9 Distributed the stock dividend. C) May 1: A cash dividend of $0.50 per share was declared by the board of directors to stockholders of record on May 20, payable June 1. D) June 1: Paid the cash dividend E) August 20: Declared and distributed a 4-for-1 stock split. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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