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The records of Round Corporation showed the following account balances on March 1 . The fair value of its common stock is $ 2 4

The records of Round Corporation showed the following account balances on March 1.
The fair value of its common stock is $24 per share on March 1. Prepare journal entries for four separate scenarios.
a. The company declares (March 1) and issues (March 15) a 5% stock dividend.
in cash.
c. The company declares (March 1) and issues (March 15) a stock split in the form of a 100% stock dividend.
d. The company declares (March 1) and issues (March 15) a 3-for-1 stock split.
Note: If a journal entry isn't required on any of the dates shown, select "N/Adebit" and "N/Acredit" as the account names and leave the Dr. and Cr. answers blank (zero).
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