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Problem 3-8 Required: What entries would you make in each of the following cases? a. A 10% stock dividend is declared and issued. b. A 30% stock dividend is declared and issued.

Problem 3-9 Required: Prepare the journal entries in each of the following assumptions: a. Preference shares are cumulative and non-participating. b. Preference shares are non-cumulative and non-participating. c. Preference shares are cumulative and fully-participating. d. Preference shares are non-cumulative and fully-participating.

Problem 3-8 The capital accounts of Thailand Company on June 30, 2018, are as follows: Ordinary shares, P10 par, 50,000 shares issued and outstanding P 500,000 Share Premium 250,000 Retained Earnings 3,135,000 The company's ordinary shares are selling at this time at P20. Required: What entries would you make in each of the following cases? a. A 10% stock dividend is declared and issued. b. A 30% stock dividend is declared and issued. Problem 3-9 The following data were taken from the records of Mt. Apo Company: 10% Preference Share, P100 par, 1,000 share were issued and outstanding P100,000 Ordinary Shares, P50 par, 3,000 shares were issued and outstanding P150,000 Retained Earnings P120,000 The board of directors declared P90,000 cash dividends. No cash dividends declared and paid in the past two years. Required: Prepare journal entries in each of the following assumptions: a. Preference shares are cumulative and non-participating b. Preference shares are non-cumulative and non-participating c. Preference shares are cumulative and fully-participating d. Preference shares are non-cumulative and fully participating