Journalize the following selected transactions completed during the current fiscal year:

Jan. 3. The board of directors declared a stock split which reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to $400,000.

Jan. 22. Declared a dividend of $1.75 per share on the outstanding shares of common stock.

Feb. 8. Paid dividend declared on January 22.

Sep 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.

If no entry is required, select "No entry required" and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

Jan. 3	Cash Cash Dividends Cash Dividends Payable Common Stock No entry required Retained Earnings Correct 2	Correct 3
	Cash Cash Dividends Cash Dividends Payable Common Stock No entry required Retained Earnings Correct 4		Correct 5
Jan. 22	Cash Cash Dividends Cash Dividends Payable Common Stock No entry required Correct 7	Correct 8
	Cash Cash Dividends Cash Dividends Payable No entry required Retained Earnings Correct 9		Correct 10
Feb. 8	Cash Cash Dividends Cash Dividends Payable Common Stock No entry required Correct 12	Correct 13
	Cash Cash Dividends Cash Dividends Payable Common Stock No entry required Correct 14		Correct 15
Sep. 1	Cash No entry required Paid-In Capital in Excess of Par-Common Stock Stock Dividends Stock Dividends Distributable Correct 17	Correct 18	Correct 19
	Cash No entry required Retained Earnings Stock Dividends Stock Dividends Distributable Correct 20	Correct 21	Correct 22
	Cash No entry required Paid-In Capital in Excess of Par-Common Stock Retained Earnings Stock Dividends Correct 23	Correct 24	Correct 25
Oct. 1	Cash Common Stock No entry required Paid-In Capital in Excess of Par-Common Stock Stock Dividends Distributable Correct 27	Correct 28
	Cash Common Stock No entry required Paid-In Capital in Excess of Par-Common Stock Stock Dividends Distributable Correct 29