For each of the following transactions or economic events, prepare the journal entry that would be required. Assume the yearend in each case is December 31:

a. On April 2, 2015 Barthel Inc. issued 500,000 common shares for \($12\) per share.

b. On May 17, 2015 Cayley Corp. announced a four-for-one stock split.

c. On June 7, 2015 Duro Ltd. declared a \($0.11\) per share cash dividend. The dividend was paid on July 4, 2015. Duro had 250,000,000 shares outstanding on June 7, 2015.

d. On August 17, 2015 Gullies Inc. issued 2,000,000 common shares with a par value of \($0.01\) for \($7.50\) per share.

e. On April 21, 2015 Quimper Corp. declared and distributed an 8 percent common stock dividend. On April 21, 2015 Quimper had 20,000,000 common shares outstanding and the market price per share was \($4.20\). The balance in the common shares account on April 21, 2015 was $87,000,000.

f. On December 4, 2015 Yarrow Ltd. declared a property dividend of some of the company’s products. Each shareholder received an identical case of products that was taken directly from inventory. The carrying amount of the inventory on December 4, 2015 was \($2,100,000\) and its market value, based on the most recent selling price to customers, was \($3,700,000\). The dividend was distributed to the shareholders on December 21, 2015.