I have serched some similer question, although the answer should be like this, they are incorrect.

Thompson Payroll Service Ltd. began in 2018 with unlimited authorized and 820,000 issued and outstanding no par common shares. During 2018, Thompson entered into the following transactions: a. Declared a $0.20 per share cash dividend on March 24. b. Paid the $0.20 per share dividend on April 6. C. Issued 2,500 common shares for $15 per share on June 19. d. Declared a $0.40 per share cash dividend on August 1. e. Paid the $0.40 per share dividend on September 14. f. Declared and paid a 10% stock dividend on October 25 when the market price of the common shares was $15 per share. 9. Declared a $0.45 per share cash dividend on November 20. h. Paid the $0.45 per share dividend on December 20. >Required: 1. Prepare journal entries for each of these transactions. (Note: Round to the nearest dollar.) a. 2018, Mar. 24 Retained Earnings (or Dividends) 164,000 Dividends Payable 164,000 (Record liability for dividends) b. 2018, Apr. 6 164,000 Dividends Payable Cash (Record payment of dividends) 164,000 37,500 c. 2018, Jun. 19 Cash Common Shares (Record issue of common shares) 37,500 d. 2018, Aug. 1 329,000 Retained Earnings (or Dividends) Dividends Payable 329,000 a. 0 3. CONCEPTUAL CONNECTION: Determine the effect on total assets and total shareholders' equity of these dividend transactions. Where there is no effect on total assets or total shareholders' equity, select "no effect". If the transaction is not a dividend transaction, select "not a dividend transaction". Enter decreases in assets or equity as negative numbers. For those boxes in which no entry is required, leave the box blank. Transaction Effect on Assets Effect on Shareholders' Equity Affects shareholders' equity $ o 164,000 x b. Affects assets $ 164,000 x Not a dividend transaction Affects shareholders' equity 329,000 x Affects assets 329,000 x o No effect Affects shareholders' equity 407,138 x Affects assets 407,138 x o Total effect $ 900,138 X 900,138 x c. 0 d. 0 e. f. 0 0 g. 0 h