For each of the following independent transactions a through d, prepare the necessary journal entry (if necessary):

(a) declared and paid a $0.40 per share cash dividend on 200,000 shares of preferred stock outstanding. (b) declared and distributed a 10% stock dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25.

(c) declared and distributed a 2-for-1 stock split on 500,000 shares of $10 par value common stock outstanding.

(d) declared and distributed a 30% stock dividend on 400,000 common shares of $5 par value common stock outstanding. Market price per common share on this date was $20.

Accounts	Debits	credits
a.
b.
c.
d.