P10-58B (similar to) Question Help Kick Box Sports, Inc., completed the following selected transactions during 2018 (Click the lcon to view the transactions.) 1. Record the transactions in the jounal. (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 $0.10 per share dividend on the 9,000 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 declaration January 6. (Prepare a compound entry) Journal Entry Date Accounts Debit Credit Jan 6 More Info Jan 6 Declared a cash dividend on the 6,000 shares of $4, no-par preferred stock outstanding. Declared a $0.10 per share dividend on the 9,000 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 9,000 shares of $6 par common stock and Apr 18 Declared and distributed a 5% stock dividend on the common stock. The market value Jun 18 Purchased 5,000 shares of treasury common stock at $22 per share. issuing new stock in its place. of the common stock was $20 per share. Dec 22 Sold 2,500 shares of treasury common stock for $25 per share Print Done