Prepare journal entries for ABC Co.'s following events. Received charter authorizing ABC Co. to issue 20,000 shares of common stock at a par value of dollar 2 per share Issued 6,000 shares of stock, receiving dollar 40,000. 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. Declared a cash dividend of dollar2 per share, payable on 01/15/09, to holders of record as of 12/15/08. Make the appropriate entry. Make any necessary adjusting entry. Make the appropriate entry. Declared a ten percent (10 percentage) stock dividend, payable on 7/15/09 (ignore the date of record for this event) The market value of the stock is dollar15 per share. Make the appropriate entry. Declared a two-for-one stock split. The market value of the stock is dollar 15 per share. Declared and paid a cash dividend of dollar2 per share (pretend this happens all in one day). Declared and paid a cash dividend of dollar2 per share. Reissued 400 shares of treasury stock at dollar 32 each. Reissued the remaining treasury stock at dollar 10 per share