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

Common stock, $1 par, 250,000 shares issued of

which 5,000 Shares being held as treasury stock$250,000

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 earnings2,000,000

Treasury stock, at cost, 5,000 shares25,000

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

1/15Declared a property dividend, payable in bonds of Goodings Corp.

being held to maturity.The book value of the bond is $28,000 but the

current market value is $34,000.

2/17Distributed the property dividend.

3/20Reissued 1,000 shares of treasury stock at $7 per share.

4/17Declared a 2 for 1 stock split on common stock effective 4/24.

7/18Declared and distributed a 4% stock dividend on outstandingcommon stock; market value per share, $7.

11/1Declared a ten cents per share cash dividend on the outstanding common shares.

11/26Ex-dividend date for the cash dividend.

11/27Date of record for the cash dividend.

12/15Paid the cash dividend declared on 11/1.

Required:

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