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 Account Dett Credit Jan. 5. No Entry Required No Entry Required Mar. 10. Purchased 34,000 shares of the corporation's own common stock at $40, recording the stock at cost. Date Account Debit Credit Mar. 10. Treasury Stock Cash Apr. 30. Declared semiannual dividends of $1.70 on 40,000 shares of preferred stock and $0.15 on the common stock to stockholders of record on May 15, payable on June 15. Date Account Debit Credit Apr. 30. Cash Dividends Cash Dividends Payable June 15. Paid the cash dividends. Date Account Debit Credit June 15. Cash Dividends Payable Cash Aug. 20. Sold 24,000 shares of treasury stock at $45, receiving cash. Date Account Aug 20. Cash Treasury Stock Debit Credit Aug. 20. Sold 24,000 shares of treasury stock at $45, receiving cash. Date Account Debit Credit Aug 20. Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock Oct. 15. Declared semiannual dividends of $1.70 on the preferred stock and $0.21 on the common stock (before the stock dividend). Date Account Debit Credit Oct. 15. Cash Dividends Cash Dividends Payable Oct. 15. A 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47. Date Account Debit Credit Oct. 15. Stock Dividends non stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47. Date Account Debit Credit Oct. 15. Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Dec. 19. Paid the cash dividends.. Date Account Credit Dec. 19. Cash Dividends Payable Cash Dec. 19. Issued the certificates for the common stock dividend. Date Account Dec. 31. Stock Dividends Distributable Debit Debit E Credit Date Oct. 15. Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Dec. 19. Paid the cash dividends. Date Account Dec. 19. Cash Dividends Payable Cash Dec. 19. Issued the certificates for the common stock dividend. Date Account Dec. 31. Stock Dividends Distributable Common Stock Check My Work Account Debit Debit Debit Credit Credit Credit Previ