what is in red is wrong

The articles of incorporation of Wildhorse Aurlines Co. authorized 5 million common shares. The company originally issued 4.030,000 common shares. However, over the years the compary had repurchased and cancelled 820,000 common shares. The board dectared a $0.50 cash dividend on Jamary 1 and July 1 . The date of record for the dividends is the 15 th of the month, and the shares trade exdividend on the 13 th. The dividends are paid on the fast day of the month in which they were declared. The board of directors also declared a 5% stock dividend on October 31 , and the market price on the date of declaration was $14.20 per share. The stock dividend was distributed on the date of declaration Prepare all of the journal entries required to record the above transactions. (Credit eccount titles are automatically indented when the amount is entered. Do not indent manuolly. If no entry is required, select 'No Entry' for the occount tities and cnter 0 for the amounts. Llst oll debit entries before credit entries. Recerd journal entries in the onder presented in the problem/ Question 6 of 6 4.76/10