The correct Journal entry on July 1 cash Dividends 1,800,000 Ordinary Share Dividends Distributable 1,000,000 Share Premium-Ordinary... 800,000 Share Dividends 10,800,000 Ordinary Share Dividends Distributable 10,000,000 Share Premium-Ordinary. 800,000 Share Dividends 180,000 Ordinary Share Dividends Distributable Share Premium Ordinary 100,000 80,000 Share Dividends 1,800,000 Ordinary Share Dividends Distributable 1,000,000 Share Premium Ordinary 800,000 On January 1, 2019, Pr Corporation had the following equity accounts Share Capital Ordinary ($50 par value, 100,000 shares issued and outstanding $5,000,000 Share premium-ordinary 400,000 Retained earnings 700,000 During the year, the following transactions occurred; Feb 1: Declared a 5 2 cash dividend per share to shareholders of record on February 15, payablo March 1. Apr1: Announced a 10 For share split. Prior to the split the market price per share was $8. July 1 Declared.a.20%shace dividend to shareholders of record.co.July 15.distributable.Jul.21. Onu 1. the market price was 59 share The correct Journal entry on July 1