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Question
Selected transactions completed by Breezeway Construction during the current fiscal year are as follows:
| Feb. 3 | Split the common stock 2-for-1 and reduced the par from $40 to $20 per share. After the split, there were 250,000 common shares outstanding. |
| Apr. 10 | Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and $0.08 on the common stock to stockholders of record on May 10, payable on June 9. |
| June 9 | Paid the cash dividends. |
| Oct. 10 | Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36. |
| Dec. 9 | Paid the cash dividends and issued the certificates for the common stock dividend. |
Journalize these transactions.
Answer
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