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Cho Sporting Goods, Inc., completed the following selected transactions during 2016 (Click the icon to view the transactions.) Requirement 1. Record the transactions in the
Cho Sporting Goods, Inc., completed the following selected transactions during 2016 (Click the icon to view the transactions.) Requirement 1. Record the transactions in the journal (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Jan 6: Declared a cash dividend on the 8,000 shares of $4, no-par preferred stock outstanding. Declared a $0.20 per share dividend on the 13,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20 Start by preparing the necessary entry on the date of declaration-January 6. (Prepare a compound entry.) Journal Entry Date Accounts Debit Credit Jan 6 Jan 20: Paid the cash dividends Journal Entry Date Accounts Debit Credit Jan 20 Mar 21: Split common stock 2-for-1 by calling in the 13,000 shares of $4 par common stock and issuing new stock in its place Journal Entry Date Accounts Debit Credit Mar 21 Choose from any list or enter any number in the input fields and then continue to the next
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