11.) Melon Company has outstanding 400,000 shares of $10 par value ordinary shares. The company declares...

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11.) Melon Company has outstanding 400,000 shares of $10 parvalue ordinary shares. The company declares a 5% shares dividendwhen the fair value of the shares is $65 per share. Prepare thejournal entries for Melon Company for both the date of declarationand the date of distribution.
12.) Use the information from QUESTION 11, but assume MelonCompany declared a 100% shares dividend rather than a 5% sharesdividend. Prepare the journal entries for both the date ofdeclaration and the date of distribution.
20.) The equity accounts of Noble Company have the followingbalances on December 31, 2019. Share Capital - Ordinary, $10 par,200,000 shares issued and outstanding $2,000,000 Share Premium –Ordinary 1,200,000 Retained Earnings 5,600,000 Shares of NobelCompany shares are currently selling at $37.
Prepare all necessary journal entries for each of the followingcases.
(a) A shares dividend of 5% is declared and issued.
(b) A shares dividend of 40% is declared and issued.
22.) The outstanding share capital of Grew Company consists of2,000 shares of $100 par value, 6% preference, and 5,000 ordinaryshares of $50 par value. Directors have declared cash dividends of$70,000. Note that preference dividends were not paid during the 2years preceding the current year.
Determine how much each class of shares should receive undereach of the following conditions:
(a) The preference shares are non-cumulative andnon-participating.
(b) The preference shares are cumulative andnon-participating.
(c) The preference shares are cumulative and fullyparticipating.

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11.) Melon Company has outstanding 400,000 shares of $10 parvalue ordinary shares. The company declares a 5% shares dividendwhen the fair value of the shares is $65 per share. Prepare thejournal entries for Melon Company for both the date of declarationand the date of distribution.12.) Use the information from QUESTION 11, but assume MelonCompany declared a 100% shares dividend rather than a 5% sharesdividend. Prepare the journal entries for both the date ofdeclaration and the date of distribution.20.) The equity accounts of Noble Company have the followingbalances on December 31, 2019. Share Capital - Ordinary, $10 par,200,000 shares issued and outstanding $2,000,000 Share Premium –Ordinary 1,200,000 Retained Earnings 5,600,000 Shares of NobelCompany shares are currently selling at $37.Prepare all necessary journal entries for each of the followingcases.(a) A shares dividend of 5% is declared and issued.(b) A shares dividend of 40% is declared and issued.22.) The outstanding share capital of Grew Company consists of2,000 shares of $100 par value, 6% preference, and 5,000 ordinaryshares of $50 par value. Directors have declared cash dividends of$70,000. Note that preference dividends were not paid during the 2years preceding the current year.Determine how much each class of shares should receive undereach of the following conditions:(a) The preference shares are non-cumulative andnon-participating.(b) The preference shares are cumulative andnon-participating.(c) The preference shares are cumulative and fullyparticipating.