December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 3 4 5 6 7 Record any gain or loss on the disposal of the stock. Note: Enter debits before credits. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 3 4 5 6 7 Record the declaration of the property dividend. Note: Enter debits before credits. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 4567> Note: Enter debits before credits. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 6 7 A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. The fair value of the stock was $4 on this date. Note: Enter debits before credits. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 2 3 7 > Declared and distributed a 3\% stock dividend on outstanding common stock; fair value per share, $5. Note: Enter debits before credits. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 2 3 4 5 Declared a 50 cents per share cash dividend on the outstanding common shares. Note: Enter debits before credits. On January 1, 2024, Gerlach Incorporated had the following account balances in its shareholders' equity accounts. CFFFFI During 2024, Gerlach Incorporated had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of slowdown Company (book value $11.8 per share, fair value $9.90 per share). February 17: Distributed the property dividend. A 2-for-1 stock split was declared and distributed on outstanding common stock and April 10: effected in the form of a stock dividend. (Fascom chose to reduce Paid-in capital- excess of par.) The fair value of the stock was $4 on this date. July 18 Declared and distributed a 3% stock dividend on outstanding common stock; The fair value is, $5 per share. December 1: Declared a 50 cents per share cash dividend on the outstanding common shares. December 20: Paid the cash dividend. Required: Record the above transactions and events in journal entry format. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field