Recording Stock Dividends and Stock Splits The records of Dixie Corporation showed the following balances on November 1, 2020. mie ial value ui its stuck is $ I 8 per snare. Accounting for Stock Splits Prepare journal entries for the following three separate scenarios. a. The company declares (November 1,2020) and issues (November 20,2020) a 10\% stock dividend. b. The company declares (November 1, 2020) and issues (November 20, 2020) a 10\% stock dividend. Of the 3,000 stock dividend shares, 2,800 shares are whole shares and 200 shares are fractional shares. It is the company's policy to pay out fractional shares in cash. c. The company declares (November 1,2020) and issues (November 20,2020) a stock split effected in the form of a 100% stock dividend. - Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. - Note: If a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). \begin{tabular}{|c|c|c|c|c|c|} \hline & & Account Name & & Dr. & Cr. \\ \hline \multirow[t]{7}{*}{ a. } & Nov. 1,2020 & & v^ & 0 & 0 \\ \hline & & & & 0 & 0 \\ \hline & & & ^ & 0 & 0 \\ \hline & & To record declaration of dividend. & & & \\ \hline & Nov. 20,2020 & & & 0 & 0 \\ \hline & & & & 0 & 0 \\ \hline & & To record issuance of dividend. & & & \\ \hline \multirow[t]{11}{*}{ b. 1} & Nov. 1,2020 & & & 0 & 0 \\ \hline & 3 & & & 0 & 0 \\ \hline & & & & 0 & 0 \\ \hline & & & & 0 & 0 \\ \hline & & To record declaration of dividend. & & = & \\ \hline & Nov. 20,2020 & & & 0 & 0 \\ \hline & & & & 0 & 0 \\ \hline & & To record issuance of stock dividend. & & & \\ \hline & Nov. 20,2020 & & & 0 & 0 \\ \hline & & & & 0 & 0 \\ \hline & & To record issuance of cash dividend. & & & \\ \hline \multirow[t]{6}{*}{ c. } & Nov. 1,2020 & & & 0 & 0 \\ \hline & & & & 0 & 0 \\ \hline & & To record declaration of dividend. & & & \\ \hline & Nov. 20,2020 & & =^ & 0 & 0 \\ \hline & & & & 0 & 0 \\ \hline & & To record issuance of stock dividend. & & & \\ \hline \end{tabular}