The shareholders' equity accounts of Marigold Inc. have the following balances on December 31,2020.

common shares, 440,000 shares issued and outstanding $13,200,000

contributed surplus- $2,600,000

Retained earnings40,400,000

common shares are currently trading on the Toronto Stock Exchange at $68.

a)- A stock dividend of 20% is declared and issued at the fair value of the shares. Prepare the appropriate journal entries. ( credit account titles are automatically indebted when the amount is entered. Don't intent manually. If no enters is required select NO ENTRY for the account titles and enter 0 for the amounts.)

A/c titles & explanation. Dr. Cr.

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(to record declaration of stock dividend)

A/c titles & explanation. Dr. Cr.

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(to record distribution of stock dividend)

B)-A stock dividend of 100% is declared and issued at the fair value of the shares. Prepare the appropriate journal entries.

( credit account titles are automatically indebted when the amount is entered. Don't intent manually. If no enters is required select NO ENTRY for the account titles and enter 0 for the amounts.)

A/c titles & explanation. Dr. Cr.

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(to record declaration of stock dividend)

A/c titles & explanation. Dr. Cr.

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(to record declaration of stock dividend)

C). 3-for -2 stock split is declared and issued.

Prepare the appropriate journal entries.

( credit account titles are automatically indebted when the amount is entered. Don't intent manually. If no enters is required select NO ENTRY for the account titles and enter 0 for the amounts.)

A/c titles & explanation. Dr. Cr.

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