Oct. $15.$ A $2\%$ common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is

$\backslash$table$[[$Date Account,Debit,Credit$],[$Oct$.15.$ Stock Dividends,,$],[$Common Stock,,$],[$Paid$-$In Capital in Excess of Par$-$Common Stock,,$]]$

Dec. $19.$ Paid the cash dividends.

$\backslash$table$[[$Date$,$Account,Debit,Credit$],[$Dec$.19.,$Cash Dividends Payable,,$],[$Cash$,,]]$

Dec. $19.$ Issued the certificates for the common stock dividend.

$\backslash$table$[[$Date$,$Account,Debit,Credit$],[$Dec$.31,$Stock Dividends Distributable,,$]]$

$1$ more Check My Work uses remaining.

All work saved.

Entries for Selected Corporate Transactions

Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows:

Journalize the transactions. If no entry is required, select $"$No Entry Required" from the dropdown box and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

Jan. $5.$ Split the common stock $3$ for $1$ and reduced the par from $$60$ to $$20$ per share. After the split, there were $255,000$ common shares outstanding.