Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in Halbom's general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank) Jan 16: Declared a cash dividend on the 6%, $105 par noncumulative preferred stock (1,000 shares outstanding) Dedared a $0.40 per share dividend on the 90,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16 Read the requirements. Feb. 15: Paid the cash dividends. Date Accounts and Explanation Debit Credit Feb. 15 Jun. 10: Split common stock 2-for-1. Date Accounts and Explanation Debit Credit Jun. 10 Jul. 30: Declared a 50% stock dividend on the common stock. The market value of the common stock was $10 Date Accounts and Explanation Debit Credit Jul. 30