Print Item Entries for selected corporate transactions Chart of Accounts ournal Instructions Jan. 5. Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,275,000 common shares outstanding. Purchased 41,300 shares of the corporation's own common stock at $29, recording the stock at cost. Declared semiannual dividends of $0.75 on 70,400 shares of preferred stock and $0.11 on the common stock to stockholders of record on May 15, payable on June 15. Paid the Sold 31,900 shares of treasury stock at $33, recelving cash. Declared semiannual dividends of $0.75 on the preferred stock and $0.11 on the common stock (before the stock dividend). In addition, a 2% common stockdividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $38. The dividend date of record is November 15 payable on December 19. Paid the cash dividends and issued the certificates for the common stock dividend. Mar. 10. Apr. 30. June Aug. Oct. 15. 20. 15 Dec. 19. 1 more Check My Work uses remaining