Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:
![2353_p_16-15-1_q.png](https://secure.tutorsglobe.com/CMSImages/2353_p_16-15-1_q.png)
The company engaged in the following stock transactions during 2013:
![1866_p_16-15-2_q.png](https://secure.tutorsglobe.com/CMSImages/1866_p_16-15-2_q.png)
May 14 JE (Need Answer)
Debit Retained earning xxxxx
Credit Common Stock to be distributed xxxxxx
Credit Additional Paid in capital from stock dividend xxxxxx
June 4 JE (Need Answer)
Debit Retained earning xxxxx
Credit Dividends Payable Preferred xxxxx
June 29 JE (Need Answer)
Debit Common Stock to be distributed xxxxxx
Credit Common Stock, $5 par
July 5 JE (Need Answer)
Debit Dividends Payable Preferred xxxxx
Credit Cash xxxxx