The Board of Directors of Oriole Company is debating what type of dividend (or stock split) to give its shareholders. The common stock is currently trading at $34 per share. The following is Orioles current stockholders equity:

Common stock, $10 par $ 400,000

Additional paid in capital common stock 800,000

Retained earnings 1,300,000

1. Assume the company chooses a cash dividend of $2.50 per share.

2. Assume the company chooses a property dividend. This dividend will be paid using Orioles investment in shares of Blue, Inc.s stock. This investment is carried on Orioles books at $250,000 and has a market value of $310,000 on the date of declaration.

3. Assume the company chooses a 15% stock dividend.

4. Assume the company chooses a 30% stock dividend.

5. Assume the company chooses a 3-for-1 stock split.

it asks for journal entries to record each transaction