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.

Accounting for Stock Dividends

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.

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$).$For each of the following three separate scenarios, $(1)$ record the journal entry and $(2)$ determine the total number of shares and the par value per share after the stock split.

d$.$ The company declares $($November $1,2020)$ and issues $($November $20,2020)$ a $2-$for$-1$ stock split.

e$.$ The company declares $($November $1,2020)$ and issues $($November $20,2020)$ a $5-$for$-1$ stock split.

f$.$ The company declares $($November $1,2020)$ and issues $($November $20,2020)$ a $3-$for$-1$ reverse stock split.

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$).$