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 4 for 1 and reduced the par from $160 to $40 per share. After the split, there were 440,000 common shares outstanding. Date Jan. 5. Account Debit Credit Mar. 10. Purchased 35,000 shares of the corporation's own common stock at $45, recording the stock at cost. Date Mar. 10. Account Debit Credit