C. Camil Company provided the following transactions:

2018

Sept 15 Declared a 20% share dividend on 100,000 shares, par value P10.

The shares were originally sold at P15.

Oct 15 Distributed the share dividend declared on September 15.

2019

Sept 15 Declared scrip dividend of P2 per share payable on November 15, 2019 with interest at 12%

Nov 15 Paid the scrip dividend.

Dec 1 Declared a dividend of 1 share of Sharp Company for every share of Camil Company owned.

Sharp Company shares are carried at a cost of P3 per share and the market value is P4 per share.

31 Distributed the sharp company shares to shareholders. The market value of Sharp Company share is P6.

Required: Prepare journal entries to record the above transactions.