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 $50 to $10 per share. After the split, there were 400,000 common shares outstanding. Date Account Debit Jan. 5. Mar. 10. Purchased 32,000 shares of the corporation's own common stock at $14, recording the stock at cost. Date Account Debit Credit Mar. 10. Apr. 30. Declared semiannual dividends of $3.60 on 35,000 shares of preferred stock and $0.32 on the common stock to stockholders of record on May 15, payable on June 15. Date Account Debit Credit Apr. 30. June 15. Paid the cash dividends. Date Account Debit credit June 15.