eston Sports, Inc., completed the following selected fransactions during 2018: (Click the icon to the transactions - X quirer Record More Info fies. It naler ank.) 22: Dat Jan 6 Declared a cash dividend on the 6,000 shares of $4, no-par preferred stock outstanding. Declared a $0.45 per share dividend on the 15,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20. Jan 20 Paid the cash dividends. Mar 21 Split common stock 2-for-1 by calling in the 15,000 shares of $8 par common stock and issuing new stock in its place. Apr 18 Declared and distributed a 10% stock dividend on the common stock. The market value of the common stock was $32 per share. Jun 18 Purchased 12,000 shares of treasury common stock at $33 per share. Dec 22 Sold 6,000 shares of treasury common stock for $40 per share. Print Done se fr Ralston Sports, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal(Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Jan 6: Declared a cash dividend on the 6,000 shares of $4, no par preferred stock outstanding. Dedared a 50.45 per share dividend on the 15,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20 Start by preparing the necssary entry on the date of declaration - January 6. (Prepare a compound entry) Journal Entry Date Accounts Debit Credit Jan 6 Ralston Sports, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the joumal (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Jan 20: Paid the cash dividends. Journal Entry Date Accounts Debit Credit Jan 20 Ralston Sports, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Mar 21: Split common stock 2-for-1 by calling in the 15,000 shares of $8 par common stock and issuing new stock in its place. Journal Entry Date Accounts Debit Credit Mar 21 Ralston Sports, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Apr 18: Declared and distributed a 10% stock dividend on the common stock. The market value of the common stock was $32 per share. Journal Entry Date ho Accounts Debit Credit Apr 18 Ralston Sports, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the joumal (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Jun 18: Purchased 12,000 shares of treasury common stock at $33 per share. Journal Entry Date Accounts Debit Credit Jun 18 Ralston Sports, Inc., completed the following selected transactions during 2018: Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Dec 22: Sold 6,000 shares of treasury common stock for $40 per share, Journal Entry Date Accounts Debit Credit Dec 22
