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The stockholders' equity accounts of Caitlyn's Cookie Corp. (CCC) balances as of December 31, 2020 are as follows: Common stock, $2.50 par $150,000 Paid in

The stockholders' equity accounts of Caitlyn's Cookie Corp. (CCC)
balances as of December 31, 2020 are as follows:
Common stock, $2.50 par $150,000
Paid in capital in excess of par $850,000
Retained earnings $4,500,000
Required:
Prepare the appropriate journal entry for each of the following
2021 transactions:
15-Jan CCC declares a 30% stock dividend
Shares of CCC are currently selling on the NYSE at $22.
14-Feb 30% stock dividend distribution date, FMV of stock = $24
9-May CCC declares a 4% stock dividend
Shares of CCC are currently selling on the NYSE at $25.
16-May 4% stock dividend distribution date, FMV of stock = $26
20-Jun CCC declares a $.70 per share cash dividend
4-Jul Cash dividend payment date

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