Prepare the journal entries to record these transactions. Explanations are not required.

Carpenter Schools, Inc. is authorized to issue 500,000 shares of $2 par common stock. The company issued 106,000 shares at $6 per share. When the market price of common stock was $10 per share, Carpenter declared and distributed a 10% stock dividend. Later, Carpenter declared and paid a $0.10 per share cash dividend. Assume that the declarationand the subsequent distributions and payments of the dividends are on different dates