For year 2012, transactions 1.15, 2.30, and 12.31, which ways of recording is correct?

(see attached two solution pages, each got different ways of recording, and different amount)

which one is correct? can you please explain? thanks!

Stock split (AOFL) Attached Files: Ace Manufacturing Blanks.xlsx (9.101 KB) INSTRUCTIONS: Fill out the journal entries for the following transactions for Ace Manufacturing: 2011 - Ace Manufacturing issued the following stock for cash Jan, 1 - Preferred 10 000 shares @ $100 per share Jan 15 - Common stock 100 000 shares @ $20 June 1 - They declared a stock dividend of $2 on the preferred stock June 30 - They paid the dividend. Dec 31 - They closed the dividend account: 2012 - Jan. 15 - They issued a stock dividend of 10 percent for the common stock, and the current market price was $30, Feb. 30 - They issued the common stock for the dividend, Dec 31 - They closed the declared account. 2 2013 - March 1 - The common stock was now worth $100, so they split it in half Based on the March 1 transaction, what is the number of outstanding common stock shares on March 31, 2013? 300.000 2012 15-Jan Retained eamings Common stock dividend distributable Additional paid-in-capital (To record the stock dividend declared) 200,000 100,000 200,000 30-Feb Common stock dividend distributable Common stock (To record the dividend paid) 200.000 200.000 31-Dec Retained eamings Dividend expense (To close the dividend account) 200.000 24 2012 Jan 25 26 $300,000 15 Dividends. Common Shares Dividends Payable To record declaration of stock dividends. $300,000 27 28 29 Feb 30 $300,000 30 Dividends Payable Common Shares To record issuance of common stock for the dividend, 23 $300,000 32 33 Dec $300,000 31 Retained Earings Dividends - Common Shares To close the dividends account for the end of a fiscal period. 35 $300,000 30