Prepare journal entries for the following transactions of Watt Corporation. Watt has 20,000 shares of $15 par value common stock outstanding on January 1, 2013. The balance in the Additional Paid-In Capital account on this date is $200,000.

a. Declares a cash dividend of $0.50 per share on March 31, 2013.

b. Pays the dividend in part a on April 15, 2013.

c. Declares and distributes a 10% stock dividend on June 30, 2013. The market price of the stock is $20 on this date.

d. Declares a cash dividend of $0.50 per share on September 30, 2013.

e. Pays the dividend in part d on October 15, 2013.

f. Declares a three-for-two stock split on December 31, 2013, but does not alter the par value.