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 $175 to $35 per share. After the split, there were 500,000 common shares outstanding. Date Jan. 5. No Entry Required No Entry Required Account Debit Credit Mar. 10. Purchased 40,000 shares of the corporation's own common stock at $38, recording the stock at cost Date Account Mar. 10, Treasury Stock Cash Debit Credit Apr. 30. Declared semiannual dividends of $2.30 on 50,000 shares of preferred stock and $0.17 on the common stock to coders of record on May 15, pavable on June 15. Previous