(Dividend Entries) The following data were taken from the balance sheet accounts of Bonds Corporation on December 31, 2013.

Current assets

$540,000

Investments

$624,000

Common stock, (par value $10)

$500,000

Paid-in capital in excess of par

$150,000

Retained earnings

$840,000

Instructions:

Prepare the required journal entries for the following unrelated items:

(a) A

5%

stock dividend is declared and distributed at a time when the market

value of the shares is

$39

per share.

Account Title

Formula

Account Title

Formula

Account Title

Formula

Account Title

Amount

Account Title

Amount

(b) The par value of the capital stock is reduced to

$2

with a 5-for-1 stock split

Text entry as appropriate.

(c) A dividend is declared January 5, 2014, and paid January 25, 2014, in bonds held as an investment.

The bonds have a book value of

$100,000

and a fair value of

$135,000

Jan 05, 14

Account Title

Amount

Account Title

Amount

Jan 05, 14

Account Title

Amount

Account Title

Amount

Jan 25, 14

Account Title

Amount

Account Title

Amount