Prepare journal entries for ABC Co.s following events.

05/12/20 Received charter authorizing ABC Co. to issue 400,000 shares of common stock at a par value of $3 per share.

06/03/20 Issued 250,000 shares of stock, receiving $4,000,000.

06/04/20 Paid the law firm of Lo, Ball and Hyde for their services to help organize the company by sending them two thousand shares of stock.

11/15/20 Declared a cash dividend of $1 per share, payable on 01/15/21, to holders of record as of 12/15/20.

12/15/20 Make the appropriate entry.

12/31/20 Make any necessary adjusting entry.

01/15/21 Make the appropriate entry.

06/12/21 Declared a ten percent (10%) stock dividend, payable on 7/15/21 (ignore the date of record for this event). The market value of the stock is $23 per share.

07/15/21 Make the appropriate entry.

08/15/21 Declared a two-for-one stock split. The market value of the stock is $28 per share.

09/15/21 Declared and paid a cash dividend of $1 per share (pretend this happens all in one day).

10/01/21 Purchased 2,000 shares of treasury stock for a total price of $50,000.

10/15/21 Declared and paid a cash dividend of $1 per share.

11/15/21 Reissued 400 shares of treasury stock at $32 each.

12/15/21 Reissued the remaining treasury stock at $6 per share.