5 On September 1, ABC Corporation had 69,000 shares of $5 par value common stock, and $207,000 of retained earnings. On that date, when the market price of the stock is $15 per share the corporation issues a 2 for 1 stock split. The general journal entry to record this transaction is: 2015.50 1 O Debit Retained Earnings $345.000; credit Common Stock $345.000 0 Debt Retained Earnings $345.000, credit Stock Split Payable $345.000 0 Debt Retained Earnings S035.000. credit Common Stock Split Distributable SLO35.000 0 Debit Metained Earnings 1031.000 credit Common Stock 51.035.000 O Norty is made for this transaction