Chapter 13 Homework Problems: 1) Franklin Company issued 20,000 shares of common stock at a par value of $10 per share. What is the journal entry for the issuance of common stock? 2) Franklin Company issued 20,000 shares of common stock at a par value of $10 per share when the market value was $14 per share. What is the journal entry for the issuance of common stock? 3) On May 1, 2023, a company declared a $4 cash dividend on 12,000 shares of its outstanding common stock. On May 15, 2023, the date of record passed in which the accountant identified the owners of all shares of outstanting stock. On May May 31, 2023, the dividend was paid. Provide the journal entries for the date of declaration, the date of record, and the date of payment. 4) Gerald Corporation has $10,000 of $4 par value common stock outstanding. Gerald declares a 10% stock dividend when the stock's market value is $8 per share. Prepare the journal entry for the stock dividend declaration and distribution. 5) Comey Corporation has 200,000 shares of $10 par value common stock outstanding. Comey declares a 40% stock dividend when the stock's market value is $25 per share. Prepare the journal entry for the declaration of the stock dividend