On January 1, 2018, Harrison Inc. had the following account balances in its shareholders' equity accounts.

Common stock, $1 par, 350,000 shares issued of

which 20,000 Shares being held as treasury stock$350,000

Paid-in capital excess of par, common 500,000

Preferred stock, $100 par, 10,000 shares outstanding1,000,000

Paid-in capital excess of par, preferred 100,000

Retained earnings 2,000,000

Treasury stock, at cost, 20,000 shares 60,000

During 2018, Thomson Inc. had several transactions relating to common stock.

2/10

Declared a property dividend, payable in Welch company stock. The Welch stock had been purchased early in 2017 for $30,000 and was reported as an asset at a fair value of $35,000 on 12/31/17 balance sheet. The market value of Welch stock is $38,000 on 2/10/18.

3/17

Distributed the property dividend.

3/20

Reissued 5,000 shares of treasury stock at $5 per share.

4/17

Declared a 3 for 1 stock split on common stock effective 4/24.

7/18

Declared and distributed a 10% stock dividend onoutstanding common stock; market value per share, $7.

11/1

Declared a $0.5 per share cash dividend on the outstanding common shares.

11/25

Ex-dividend date for the cash dividend

11/29

Date of record for the cash dividend.

12/20

Paid the cash dividend declared on 11/1.

Required:

Record the above transactions and events in the journal entry format.