Jan 3 The board of directors declared a stock split that reduced the par of common shares from $100 to $20 This action increased the number of outstanding shares to 400,000 22 Declared a dividend of $1 75 per share on the outstanding shares of common stock Feb 8 Paid the dividend declared on January 22 Sept 1 Declared a 5 stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $30 ) Oct 1 Issued the certificates for the common stock dividend declared on September 1 Required Journalize the above selected transactions completed during the current fiscal year If no entry is required, simply skip to the next transaction Refer to the Chart of Accounts for exact wording of account titles CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Supplies 151 Prepaid Insurance 181 Land 191 Buildings 192 Accumulated Depreciation Building 193 Equipment 194 Accumulated Depreciation Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable EQUITY 311 Preferred Stock 312 Paid In Capital in Excess of Par Preferred Stock 321 Common Stock 322 Paid In Capital in Excess of Par Common Stock 323 Paid In Capital in Excess of Stated Value Common Stock 331 Treasury Stock 332 Paid In Capital from Sale of Treasury Stock 336 Stock Dividends Distributable 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends Journalize each of the selected transactions completed during the current fiscal year If no entry is required, simply skip to the next transaction Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL DATE DESCRIPTION POST REF DEBIT CREDIT 1 2 3 4 5 6 7 8 9 REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Rent Expense 534 Insurance Expense 535 Supplies Expense 536 Organizational Expenses 561 Depreciation Expense Building 562 Depreciation Expense Equipment 590 Miscellaneous Expense 710 Interest Expense

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Jan. 3 The board of directors declared a stock split that reduced the par of common shares from $100 to $20. This action increased the

Jan.	3	The board of directors declared a stock split that reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 400,000.
	22	Declared a dividend of $1.75 per share on the outstanding shares of common stock.
Feb.	8	Paid the dividend declared on January 22.
Sept.	1	Declared a 5% stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $30.)
Oct.	1	Issued the certificates for the common stock dividend declared on September 1.

Required:

Journalize the above selected transactions completed during the current fiscal year. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS

General Ledger

	ASSETS
110	Cash
120	Accounts Receivable
131	Notes Receivable
132	Interest Receivable
141	Merchandise Inventory
145	Supplies
151	Prepaid Insurance
181	Land
191	Buildings
192	Accumulated Depreciation-Building
193	Equipment
194	Accumulated Depreciation-Equipment

	LIABILITIES
210	Accounts Payable
221	Notes Payable
226	Interest Payable
231	Cash Dividends Payable
241	Salaries Payable
261	Mortgage Note Payable

EQUITY

311

Preferred Stock

312

Paid-In Capital in Excess of Par-Preferred Stock

321

Common Stock

322

Paid-In Capital in Excess of Par-Common Stock

323

Paid-In Capital in Excess of Stated Value-Common Stock

331

Treasury Stock

332

Paid-In Capital from Sale of Treasury Stock

336

Stock Dividends Distributable

340

Retained Earnings

351

Cash Dividends

352

Stock Dividends

Journalize each of the selected transactions completed during the current fiscal year. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1
2
3
4
5
6
7
8
9

	REVENUE
410	Sales
610	Interest Revenue

	EXPENSES
510	Cost of Merchandise Sold
515	Credit Card Expense
520	Salaries Expense
531	Advertising Expense
532	Delivery Expense
533	Rent Expense
534	Insurance Expense
535	Supplies Expense
536	Organizational Expenses
561	Depreciation Expense-Building
562	Depreciation Expense-Equipment
590	Miscellaneous Expense
710	Interest Expense