On January 1, 2022, Ayayai Corp. had these stockholders equity accounts.

Common Stock ($10 par value, 65,000 shares issued and outstanding)		$650,000
Paid-in Capital in Excess of Par Value		480,000
Retained Earnings		600,000

During the year, the following transactions occurred.

Jan.	15		Declared a $0.40 cash dividend per share to stockholders of record on January 31, payable February 15.
Feb.	15		Paid the dividend declared in January.
Apr.	15		Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $12 per share.
May	15		Issued the shares for the stock dividend.
Dec.	1		Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023.
Dec.	31		Determined that net income for the year was $350,000.

Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.) (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Jan. 15Feb. 15Apr. 15May 15Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 15Feb. 15Apr. 15May 15Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 15Feb. 15Apr. 15May 15Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 15Feb. 15Apr. 15May 15Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 15Feb. 15Apr. 15May 15Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 15Feb. 15Apr. 15May 15Dec. 1Dec. 31	enter an account title to close net income	enter a debit amount	enter a credit amount
	enter an account title to close net income	enter a debit amount	enter a credit amount
	(To close net income)
choose a transaction date Jan. 15Feb. 15Apr. 15May 15Dec. 1Dec. 31	enter an account title to close stock dividends	enter a debit amount	enter a credit amount
	enter an account title to close stock dividends	enter a debit amount	enter a credit amount
	(To close stock dividends)
choose a transaction date Jan. 15Feb. 15Apr. 15May 15Dec. 1Dec. 31	enter an account title to close cash dividends	enter a debit amount	enter a credit amount
	enter an account title to close cash dividends	enter a debit amount	enter a credit amount
	(To close cash dividends)