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QUESTION 1 On January 5, 2020 Driver Company had 100,000 shares of $15 par value and a market price of $20 per share. On the

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QUESTION 1 On January 5, 2020 Driver Company had 100,000 shares of $15 par value and a market price of $20 per share. On the same date company decided to pay a stock dividend of 10% Stock Dividends are delivered on 5th of February 2020. On February 6, 2020, company decided to distribute a cash dividend of $0.80 per share. On March 5* of 2020, the company pays cash dividends Prepare the journal entries for the 5th of January, 5th and 6th of February and 5 of March. Please use EUROPEAN method. (20 points)

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