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 510,000 common shares outstanding. Date Jan. 5. Account Debit Credit Mar. 10. Purchased 41,000 shares of the corporation's own common stock at $44, recording the stock at cost. Date Mar. 10. Account Debit Credit Apr. 30. Declared semiannual dividends of $1.6 on 50,000 shares of preferred stock and $0.19 on the common stock to stockholders of record on May 15, payable on June 15. Date Account Debit Credit