the board of directors met today and decided to pay a quarterly dividend of $0.75 per share. There are 3,750,000 shares issued and 250,000 shares of treasury stock. The date of record is October 1 and the payment date is October 8. Prepare the journal entries for each day.

Using the same dates as above: the board of directors met today and declared a three-for-one stock split. The par value of the stock is $5 per share and the closing price of the 3,000,000 outstanding shares is $20. Prepare the entries to record the declaration, record and payment dates, using the same dates above (today, october 1, and October 8, respectively)

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