The stockholders’ equity accounts of Junie B Frederick Company have the following balances on December 31, Year 1: Commo

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The stockholders’ equity accounts of Junie B Frederick Company
have the following balances on December 31, Year 1:
Common stock, $10
par
$3,000,000
APIC – C/S

1,200,000
Retained earnings

5,600,000
Shares of the company’s stock are currently selling on the New
Zealand Stock Exchange for $37 per share.
Instructions:
Prepare the appropriate journal entries for each of the
following cases:
1. A stock dividend of 5% is declared and issued.
2. A stock dividend of 100% is declared and issued.
3. A 2-for-1 stock split is declared and issued.