More Info Jan 6 Declared a cash dividend on the 6,000 shares of $4, no-par preferred stock outstanding. Declared a $0.25 per share dividend on the 20,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20. Jan 20 Paid the cash dividends. Mar 21 Split common stock 2-for-1 by calling in the 20,000 shares of $8 par common stock and issuing new stock in its place. Apr 18 Declared and distributed a 10% stock dividend on the common stock. The market value of the common stock was $32 per share. Jun 18 Purchased 3,000 shares of treasury common stock at $36 per share. Dec 22 Sold 1,500 shares of treasury common stock for $40 per share. Dallas Depot, Inc., completed the following selected transactions during 2018: I (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Jan 6: Declared a cash dividend on the 6,000 shares of $4, no-par preferred stock outstanding. Declared a $0.25 per share dividend on the 20,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20. Start by preparing the necssary entry on the date of declarationJanuary 6. (Prepare a compound entry.) Journal Entry Date Accounts Debit Credit Jan 6 Dallas Depot, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Jan 20: Paid the cash dividends. Journal Entry Accounts Date Debit Credit Jan 20 Mar 21: Split common stock 2-for-1 by calling in the 20,000 shares of $8 par common stock and issuing new stock in its place. Journal Entry Date Accounts Debit Credit Mar 21 Dallas Depot, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Apr 18: Declared and distributed a 10% stock dividend on the common stock. The market value of the common stock was $32 per share. Journal Entry Date Accounts Debit Credit Apr 18 Jun 18: Purchased 3,000 shares of treasury common stock at $36 per share. Journal Entry Date Accounts Debit Credit Jun 18 Dec 22: Sold 1,500 shares of treasury common stock for $40 per share. Journal Entry Date Accounts Debit Credit Dec 22
