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 3 for 1 and reduced the par from $120 to $40 per share. After the split, there were 240,000 common shares outstanding. Mar. 10. Purchased 19,000 shares of the corporation's own common stock at $43, recording the stock at cost. Apr. 30. Declared semiannual dividendi of $1.6 on 60,000 shares of preferted stock and 50.09 on the common stock to itockholders of record on May 15, payable on June 15: June 15. Paid the cash dividends. Aug. 20. Sold 14,000 shares of treasury stock at 550 , receiving cash. Oct. 15. Declared semlannual dividends of $1,6 on the preferred stock and $0,15 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 552 . Dec. 19. Paid the cash dividends. Dec. 19. Issued the certificates for the common stock dividend