Entries for Selected Corporate Transactions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Journalize the transactions. If no entry is required, select "No Entry Required" from the dropdown box and leave the amount boxes blank. 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 $150 to $30 per share. After the split, there were 650,000 common shares outstanding. Date Jan. 5. Account Debit Credit Mar. 10. Purchased 52,000 shares of the corporation's own common stock at $34, recording the stock at cost. Date Mar. 10. Treasury Stock Cash Account Debit Credit Apr. 30. Declared semiannual dividends of $1.30 on 60,000 shares of preferred stock and $0.12 on the common stock to stockholders of record on May 15, payable on June 15. Date Apr. 30. Cash Dividends Account Cash Dividends Payable" June 15. Paid the cash dividends. Date June 15. Cash Dividends Payable Cash Account Aug. 20. Sold 37,000 shares of treasury stock at $41, receiving cash. Date Aug 20. Cash Account Treasury Stock Paid-In Capital from Sale of Treasury Stock Oct. 15. Declared coming Debit Credit Debit Credit Debit Credit June 15. Cat Divi Cash Aug. 20. Sold 37,000 shares of treasury stock at $41, receiving cash. Date Account Debit Credit Aug 20. Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock Oct. 15. Declared semiannual dividends of $1.30 on the preferred stock and $0.18 on the common stock (before the stock dividend). Date Oct. 15. Cash Dividends Cash Dividends Payable Account Debit Credit 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 $43. Date Account Oct. 15. Stock Dividends - Stock Dividends Distributable t Paid-In Capital in Excess of Par-Common Stock Dec. 19. Paid the cash dividends. Date Dec. 19. Cash Dividends Payable Cash Account Dec. 19. Issued the certificates for the common stock dividend. Date Account Dec. 31. Stock Dividends Distributable Common Stock Debit Credit Debit Credit Debit Credit