On January 1, 2019, Triad Corporation had 60,000 shares of $2.50 par value common stock issued and outstanding. During the year, the following transactions occurred:

Mar.1Issued 25,000 shares of common stock for $300,000.

June1Declared a cash dividend of $2.00 per share to stockholders of record on June 15.

June30Paid the $2.00 cash dividend.

Aug 1Announced a 2-for-1 share split.

Nov15Declared 10% stock dividend on outstanding shares to stockholders of record on November 30. The market price is $12.

Dec15Issued the share for the share dividend.

Instructions:

Prepare journal entries to record the above transactions.