$F24$

For each of the following $3$ independent transactions or situations, prepare the necessary journal entries. If no journal entry is required, indicate so by typing $"$no journal enty required". Transactions or situations:

$(1)$ Jan $19,2023$: Declared and distributed a $5\%$ share dividend on $100,000$ shares of common shares outstanding. Market price per share on this date was $$12.$

$(2)$ Feb $21,2023$: With $250,000$ shares of common shares outstanding, declared and implemented $2$ for $1$ share split.

$(3)$ March $22,2023$: Declared and distributed a $20\%$ share dividend on $100,000$ shares of common shares outstanding. Market price per share on this date was $$11$

Question one Answer $-$ Space $($record your answers for question $1$ in the table below$)$:

$\backslash$table$[[$Transaction No$.,$Deneral Journal $-$ Accounts,,,$],[1,,,,],[,,,,],[2,,,,],[,,,,],[3,,,,],[,,,,]]$

Test Instructions

Ouestions and Answers Sheet

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