Forward Stock Split On March 1 of the current year, Sentry Corporation has 500,000 shares of $20 par value common stock that are issued and outstanding. The general ledger shows the following account balances relating to the common stock: Common stock $10,000,000 Paid-in capital in excess of par value 3,400,000 On March 2, Sentry Corporation splits its stock 2-for-1 and reduces the par value to $10 per share. What is the journal entry to record the forward stock split?