Entries for Selected Corporate Transactions West Yellowstone Outfitters Corporation manufactures and distributes leisure dothing Selected transactions completed by West Yeliowitone Dutfitters during the current. fscal year are as followsi 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 an 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 532 , recording the stock at cost. Aug, 17. Sold 40,000 shares of treasury stock at $38, Ancelving cash. Sept. 1. Declared semiannual dividends of $0.25 per share on the peeferred stock and $0.09 per share on the. common stock (before the stock dividend). In addition, a 1% common stock dividend was deciared 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: Joumalize 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 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 te00,000 common shares outstanding. 3an. 15. Split the common stuck 4 for 1 and reduced the par from $120 to $30 per share. After the split, there were B00,000 commen shares outstanding Mar. 1. Declared semiannual dividends of $0.25 per share on 100,000 shares of preferred stoek and 50.07 per share on the 800,000 shares of $30 par common stock stockholders of record en 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 stnck at cost. May 31. Purchased 60,000 shares of the corporation's own common stock at $32, fecording the stock at cost. Aug. 17. Sold 40,000 shares of treasury stock ot $38, receiving cash. Sept. 1. A.1\% common stock dividend was deciared on the common stock outstanding, to be capitalized at the fair market value of the common stock, which is entimated at $40. Oct. 31. Pald the cash dividends. Oct. 31. Issued the certificates for the common stock dividend