Entries for Selected Corporate Transactions

West Yellowstone Outfitters Corporation manufactures and distributes leisure clothing. Selected transactions completed by West Yellowstone Outfitters during the current fiscal year are as follows:

Jan. 15.	Split the common stock 4 for 1 and reduced the par from $120 to $30 per share. After the split, there were 800,000 common shares outstanding.
Mar. 1.	Declared semiannual dividends of $0.25 per share on 100,000 shares of preferred stock and $0.07 per share on the 800,000 shares of $30 par common stock to stockholders of record on March 31, payable on April 30.
Apr. 30.	Paid the cash dividends.
May 31.	Purchased 60,000 shares of the corporation's own common stock at $32, recording the stock at cost.
Aug. 17.	Sold 40,000 shares of treasury stock at $38, receiving cash.
Sept. 1.	Declared semiannual dividends of $0.25 per share on the preferred stock and $0.09 per share on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding, to be capitalized at the fair market value of the common stock, which is estimated at $40.
Oct. 31.	Paid the cash dividends and issued the certificates for the common stock dividend.

Required:

Journalize the transactions. If no entry is required, select "No entry required" from the dropdown and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

Jan. 15. Split the common stock 4 for 1 and reduced the par from $120 to $30 per share. After the split, there were 800,000 common shares outstanding.

Date	Account	Debit	Credit
Jan. 15	CashCommon StockNo entry requiredPaid-In Capital in Excess of Par-Common StockPreferred Stock	fill in the blank 2	fill in the blank 3
	CashCommon StockNo entry requiredPaid-In Capital in Excess of Par-Common StockTreasury Stock	fill in the blank 5	fill in the blank 6

Mar. 1. Declared semiannual dividends of $0.25 per share on 100,000 shares of preferred stock and $0.07 per share on the 800,000 shares of $30 par common stock to stockholders of record on March 31, payable on April 30.

Date	Account	Debit	Credit
Mar. 1	CashCash DividendsCash Dividends PayableCommon StockNo entry required	fill in the blank 8	fill in the blank 9
	CashCash DividendsCash Dividends PayableCommon StockNo entry required	fill in the blank 11	fill in the blank 12

Apr. 30. Paid the cash dividends.

Date	Account	Debit	Credit
Apr. 30	CashCash DividendsCash Dividends PayableCommon StockNo entry required	fill in the blank 14	fill in the blank 15
	CashCash DividendsCash Dividends PayableCommon StockNo entry required	fill in the blank 17	fill in the blank 18

May 31. Purchased 60,000 shares of the corporation's own common stock at $32, recording the stock at cost.

Date	Account	Debit	Credit
May 31	CashCommon StockNo entry requiredPaid-In Capital from Sale of Treasury StockTreasury Stock	fill in the blank 20	fill in the blank 21
	CashCommon StockNo entry requiredPaid-In Capital from Sale of Treasury StockTreasury Stock	fill in the blank 23	fill in the blank 24

Aug. 17. Sold 40,000 shares of treasury stock at $38, receiving cash.

Date	Account	Debit	Credit
Aug. 17	CashCommon StockNo entry requiredPaid-In Capital from Sale of Treasury StockTreasury Stock	fill in the blank 26	fill in the blank 27
	CashCommon StockNo entry requiredPaid-In Capital In Excess of Par-Common StockTreasury Stock	fill in the blank 29	fill in the blank 30
	CashCommon StockNo entry requiredPaid-In Capital from Sale of Treasury StockRetained Earnings	fill in the blank 32	fill in the blank 33

Sept. 1. Declared semiannual dividends of $0.25 per share on the preferred stock and $0.09 per share on the common stock (before the stock dividend).

Date	Account	Debit	Credit
Sept. 1	CashCash DividendsCash Dividends PayableCommon StockNo entry required	fill in the blank 35	fill in the blank 36
	CashCash DividendsCash Dividends PayableCommon StockNo entry required	fill in the blank 38	fill in the blank 39

Sept. 1. A 1% common stock dividend was declared on the common stock outstanding, to be capitalized at the fair market value of the common stock, which is estimated at $40.

Date	Account	Debit	Credit
Sept. 1	CashNo entry requiredStock DividendsStock Dividends DistributableTreasury Stock	fill in the blank 41	fill in the blank 42
	CashCommon StockNo entry requiredStock DividendsStock Dividends Distributable	fill in the blank 44	fill in the blank 45
	Cash DividendsCommon StockNo entry requiredPaid-In Capital in Excess of Par-Common StockTreasury Stock	fill in the blank 47	fill in the blank 48

Oct. 31. Paid the cash dividends.

Date	Account	Debit	Credit
Oct. 31	CashCash DividendsCash Dividends PayableCommon StockNo entry required	fill in the blank 50	fill in the blank 51
	CashCash Dividends PayableCommon StockNo entry requiredTreasury Stock	fill in the blank 53	fill in the blank 54

Oct. 31. Issued the certificates for the common stock dividend.

Date	Account	Debit	Credit
Oct. 31	CashNo entry requiredStock DividendsStock Dividends DistributableTreasury Stock	fill in the blank 56	fill in the blank 57
	Common StockNo entry requiredStock DividendsStock Dividends DistributableTreasury Stock	fill in the blank 59	fill in the blank 60