Entries for Selected Corporate Transactions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Instructions: Journalize 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 blank. Jan. 5. Split the common stock 5 for 1 and reduced the par from $100 to $20 per share. After the split, there were 900,000 common shares outstanding. Mar. 10. Purchased 72,000 shares of the corporation's own common stock at $24, recording the stock at cost. Apr. 30. Declared semiannual dividends of $3.5 on 40,000 shares of preferred stock and 50.19 on the common stock to stockholders of record on May 15, payable on June 15. June 15. Paid the cast diyldends. Au0. 20. Sold 52,000 shares of treasury stock at $29, receiving cash. Oct. 15. Declared semiannual dividends of $3.5 on the preferred stock and $0.25 on the common stock (batore 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 $31. Dec. 19. Paid the cash dividends. Dec. 19. Issued the crtificates for the common stock dividend