Gloria has 600,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year- prepare the entry for each transaction:

a) During April, Gloria declared a 5% stock dividend when the market price of the stock was $24 per share

b) During May, Gloria distributed the stock dividend

c) During June, Gloria declared a $0.50 per share cash dividend

d) During July, Gloria paid the cash dividend