The records of Dixie Corporation showed the following balances on November 1, 2020. Common stock, $10 par, 54,000 shares outstanding $540,000 Paid in capital in excess of par 183,600 Retained earnings 360,000 The fair value of its stock is $18 per share. Accounting for Stock Dividends Accounting for Stock Splits Prepare journal entries for the following three separate scenarios. a. The company declares (November 1, 2020) and issues (November 20, 2020) a 10% stock dividend. b. The company declares (November 1, 2020) and issues (November 20, 2020) a 10% stock dividend. Of the 5,400 stock dividend shares, 5,040 shares are whole shares and 360 shares are fractional shares. It is the company's policy to pay out fractional shares in cash. C. The company declares (November 1, 2020) and issues (November 20, 2020) a stock split effected in the form of a 100% stock dividend. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Note: If a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr.answers blank (zero). Account Name Dr. Cr. a. Nov. 1, 2020 To record declaration of dividend. Nov. 20, 2020 To record issuance of dividend. b. Nov. 1, 2020 To record declaration of dividend, Nov. 20, 2020 To record issuance of stock dividend. Nov. 20, 2020 To record issuance of cash dividend. c. Nov. 1, 2020 To record declaration of dividend, 360,000 Paid-in capital in excess of par Retained earnings The fair value of its stock is $18 per share. Accounting for Stock Dividends Accounting for Stock Splits Prepare journal entries for the following three separate scenarios. a. The company declares (November 1, 2020) and issues (November 20, 2020) a 10% stock dividend. b. The company declares (November 1, 2020) and issues (November 20, 2020) a 10% stock dividend. Of the 5,400 stock dividend shares, 5.040 shares are whole shares and 360 shares are fractional shares. It is the company's policy to pay out fractional shares in cash. c. The company declares (November 1, 2020) and issues (November 20, 2020) a stock split effected in the form of a 100% stock dividend. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Note: If a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr.answers blank (zero). Account Name Dr. Cr. a. Nov. 1, 2020 To record declaration of dividend. Nov. 20. 2020 To record issuance of dividend. 6. Nov. 1, 2020 To record declaration of dividend. Nov. 20, 2020 To record issuance of stock dividend Nov. 20, 2020 To record issuance of cash dividend. C. Nov. 1, 2020 . To record declaration of dividend. Nov. 20, 2020 To record issuance of stock dividend