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Entries for Selected Corporate Transactions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as fellowi: 3an. 5, Hole the common stock, 4 for 1 and reduced the par from $40 to $10 per share. After the splt, there were 620,000 common shares outstanding Mar. 10. Purchated 50,000 shares of tht corporation's enn common stock at 513 . recordieg, the stocik at ceit. June 15. Paid the canh dividends. Aug. 20. Sold 36,000 shares of treasury stock at 520 , receiving cash. Oct. 15. Declared semiannual dividends of $3.00 on the preferred stock and $0.31 on the common stock (before the stock dividend). 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 \$22. Dec. 19. Paid the cash dividends: Dec. 19. Paid the cash dividends. Dec. 19. Issued the certificates for the common stock dividend. Entries for Selected Corporate Transactians Norrow Enterprises Inc. manufactures bathroom fotures. The stockholden' equily accounts of Morrow Enterpeises inc, with batances on Janvary 1, 20y5, are as fosicwst 3an. 22. Faid cast dividends of $0.14 per sthare on the common stock. The divisend had been properly recorded when dedared on December I of the preceding fiscal year for $30,240. Apr. 10. Issued 45,000 sharet of common stock for \$1s per share. June 6. Sold all of the treasury stock for $408,000. July 5. Declared a 5W stock dividend on common stock, to be capitaliced at the market price of the stock, which is 520 per shace. Aus. 15. Lswed the certificates for the dividend deciared on July 5 . Nov. 23. Purchased 15,000 shares of treasury stock for $285,000, Dec: 28. Dedated a 50,17 -per-share dividens on commen stock. 31. Closed the two dividends accounts to Retained Camings. Ptequiredt 1. The January I balances have been entered in T acoounts for the stockholgers" equity acoconts. Fecord the abowe transactions in the T accounts and provide the Decmeser 31 byance where appropriate. 1. The January 1 batances have been entered in T accounts for the stockholders" equity accounts. Aecord the above transactions in the T accounts and provide the December 31 bolance mhere appropriate. Faid-in Capital in Excess of stated Value:Common stock Paid-In Capital from Sale of Treasury Stock Stock Dividends July 5 Dec. 31 Cash Dividends Dec. 28 Dec. 31 2. Joumalize the entries to record the transactions. If an amount box does not require an entry, lesve it Bank: Jan. 22. Paid cash dividends of s0.14 per share on the comvenon itock. The dividend had been croperly reconded when deciared on December 1 or the preceding fiscal year for s30,246. Apr. 10. Issued 45,000 shares of common stock for 518. June 6. Sold all of the treasury stock for $406,000. 2. Joumalize the entries to record the transactions. If an amount box does not require an entry, lesve it Bank: Jan. 22. Paid cash dividends of s0.14 per share on the comvenon itock. The dividend had been croperly reconded when deciared on December 1 or the preceding fiscal year for s30,246. Apr. 10. Issued 45,000 shares of common stock for 518. June 6. Sold all of the treasury stock for $406,000. Novi 23. Purchased 15,000 shares of treasury stock for 5285,000 . Dec. 28. Deciared a 50.17 -per-share dividend on common stock. Dec. 31. Closed the two dividends accounts to Retained Eagrings: 4. Prepare the Stockholders' Equity section of the December 31, 20r5, balance sheet. 4. Prepare the 'Stockholders" Equity section of the December 31,20rs, baiance sheet. Entries for Selected Corporate Transactions Selected transsctions completed by ATV Discount Corporation during the current fiscal year are as follows: Joumalize the transactions: If no entry is required, select "No Entry Reequired" from the dropdown box and leave the amount boxes blank, tf an amount box does not require an entry, leave it Blank. 3an. 5. Split the common stock 4 for 1 and reduced the par from $40 to $10 per share. After the split, there sere 620,000 common shares outstanding: Mar. 10. Purchased 50,000 shares of the corporation's own common stock at $13, recording the stock at cost. June 15. Paid the cash dividends. Aug. 20. Sold 36,000 shares of treasury thock at 520 , receiving cash. Oct. 15. Dedared semiannual dividends of $3,00 on the preferred stock and 50,31 on the common stock (before the stock dindend). Oct. 15. A 2% common stock dividend was declored on the common stock outstanding. The fair market value of the common stock is estimated at s72. Dec. 19. Payd the cash dividends. Dec, 19. 1ssied the certificates for the common stock dividend. Entries for Selected Corporate Transuctions Marrow Enterprises Inc. manufactures bschroam fotures. The stockholders' equity accounts of Morrow Enterprises Inc, with bolances on larwary 1, 20y5, are as followi: Jan. 22. Pald cash dividends of s0.14 per share on the commoe stock. The dividend had been properly recorded when dectared en Dectmber 1 of the preceding fiscal year for 530,240. Apr 10. fisupd 45,000 shares of commen stock for $18 per share. June 6. Sold all of the treasury stock for $408,000. July 5. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is s20 per share. Aug- 15. 1ssued the certificates for the dividend deciared an July 5. Now, 23. Purchased 15,000 shares of treasury stock for $285,000. Dec, 28. Deciared a 50,17 .per-share dividend on common stock. 31. Cosed the two dividends accounts to-Retained Earnings. Paid-In Capital in Excess of Stated Value-Common Stock 2. journalize the entries to record the transactions. If an amount box does not require an entry, July 5. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $20 per Aug. 15. Issued the certificates for the dividend declared on July 5 . Nov. 23. Purchased 15.000 shares of treasurv stock for $285.000. Nov. 23. Purchased 15,000 shares of treasury stock for $285,000. Dec. 28. Declared a 40.17 -per-share dividend on common stock. Dec. 31. Cosed the two dividends accounts to Retained Earnings. 4. Prepare the Stockholders' Equity section of the December 31,20Y5, balance sheet. 4. Prepare the Stockholders' Equity section of the December 31, 20y5, balance sheet