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Recording Stock Dividends and Stock Splits The records of Dixie Corporation showed the following balances on November 1 , 2 0 2 0 . The

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Recording Stock Dividends and Stock Splits
The records of Dixie Corporation showed the following balances on November 1,2020.
The fair value of its stock is $18 per share.
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.
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).
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