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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

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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. b. The company declares (November 1, 2020) and issues (November 20. 2020) a 1096 stock dividend. Of the 4,800 stock dividend shares, 4,480 shares are whole shares and 320 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). 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 muitiple credits (when applicable) in aiphabetical 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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