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 3 for 1 and reduced the par from $105 to $35 per share. After the split, there were 420,000 common shares outstanding. Date Jan. 5. No Entry Required No Entry Required Account Debit Credit Mar. 10. Purchased 34,000 shares of the corporation's own common stock at $40, recording the stock at cost. Date Mar. 10. Treasury Stock Cash Account Debit Credit