Kenner Corporation has 120,000 ordinary shares with a 5 par value outstanding. On June 30, 2022, the board of directors of Kenner Corporation declared a 15% share dividend, payable on July 31, 2022, to shareholders of record on July 15, 2022. The fair value of Kenner Corporation's shares on June 30, 2022, was $15 per share. On December 1, 2022, the board of directors declared a 2 for 1 share split.

Instructions

Prepare the journal entries on the appropriate dates to record the share dividend and the share split.