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show calculation please June 1 2. Hitesh, Manufacturing Company has 500,000 shares of $1 par value capital stock outstanding on January 1. The following equity

show calculation please
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June 1 2. Hitesh, Manufacturing Company has 500,000 shares of $1 par value capital stock outstanding on January 1. The following equity transactions occurred during the current year: (35 points) Declared a cash dividend of S0.20 per share July 1 Paid the 50.20 cash dividend to stockholders Aug. 1 Declared a 10% stock dividend. Market price of stock was $15 per share Sept. 10 Issued shares resulting from 10% stock dividend declared on August 1, Show calculations and prepare journal entries to record June 1, July 1, Aug. 1 and Sept. 10 transactions Please write your journal entries in the tables. Do not write anything outside of the tables. a) June 1 Calculations: Date Debit Credit Db Cr b) July 1 Calculations: Date Debit Credit Db Cr s Aug. 1 Calculations Date Debit Credit Db er d) Sept. 10

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