journal entry to record this transaction is: Multiple Choice Debit Retalned Earnings $355,000; credit Common Stock $355,000. Debit Retalned Earnings $1,065,000; credit Common Stock Split Distributable $1,065,000. No entry is made for this transaction. Debit Retalned Earnings $1,065,000; credit Common Stock $1,065,000. Debit Retalned Earnings $355,000; credlt Stock Split Payable $355,000