debra corporation has $24000 shares if $1 par value commin stock outstanding

Gash and Stock Dividends Debra Corporation has 24,000 shares of 51 par value common stock outstanding. The company has $200,000 of recained earnings. Al yearend, the compary dectares a cash dividend of s2 o0 share and a five percent stock dividend. The market price of the stock at the declaration date is $24 per share. Three weeks tater, the campany pasy the dividends a. Prepare the journal entry for the declaration of the cash dividend. b. Prepare the joumal entry for the declaration of the stock dividend. c. Prepare the journal entry for the payment of the cash dividend. d. Prepare the journal entry for the payment of the stock dividend