On January 1, 2020, Didgeridoo Corporation had the following shareholders equity accounts:

Didgeridoo Corporation

Balance Sheet (partial)

January 1, 2020

Shareholders equity:

Common shares (unlimited # of shares authorized,

60,000 shares issued) $ 450,000

Retained earnings 1,050,000

Total shareholders equity $1,500,000

During the year, the following transactions occurred:

Jan. 16 Declared a $1 cash dividend per share to shareholders of record on January 31, payable February 16. The date of record is Jan 31.

Feb. 11 Issued 1,000 common shares in exchange for land with a fair market value of $12,000.

Feb. 16 Paid the dividend declared in January.

Apr. 18 Declared and distributed a 10% stock dividend to common shareholders of record on April 18. On April 18, the market price of each share was $15.

July 14 Announced a 3-for-1 stock split. The market price per share prior to the announcement was $15.

Dec. 22 Repurchased 4,000 companys own shares on the open market when the market price was $15/share. Assume that the weighted-average cost per share was $14.50.

Required:

1. Journalize the transactions noted above (Journal entry explanations are not required, but of course, account names are required.)