Entries for Seiected Corporate Transactions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Instructions: Joumalize the transactions. If no entry is required, select "No Entry Required" from the dropdown box and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it biank. Jan. 5. Split the common stoek 3 for 1 and reduced the par from $120 to $40 per share. After the split, there were 345,000 common shares outstanding. Mar. 10. Purchased 28,000 shares of the corporation's own common stock at $44, recording the stock at cost. Apr. 30. Declared semiannual dividends of $3.6 on 35,000 shares of preferred stock and $0.23 on the common stock to stockholders of record on May 15, payable on June 15. June 15. Paid the cash dividends. Aug. 20. Sold 20,000 shares of treasury stock at $48, receiving cash. Oct. 15. Declared semiannual dividends of $3.6 on the preferred stock and $0.29 on the common stock (before the stock dividend). Oct. 15. A 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $50. Dec. 19. Paid the cash dividends. Dec. 19. Issued the certificates for the common stock dividend. Dec. 19. Paid the cash dividends. Dec. 19. Issued the certificates for the common stock dividend