Ralston Sports, 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.) common stock outstanding. The date of record is January 17, and the payment date is January 20. Jan 6: Declared a cash dividend on the 8,000 shares of $2,no-par preferred stock outstanding. Declared a $0.10 per share dividend on the 16,000 shares Start by preparing the necssary entry on the date of declaration January 6. (Prepare a compound entry) Joumal Entry Accounts Date Debit Credit Jan Jan 20: Pald the cash dividends Journal Entry Accounts Date Debit Credit Jan 20 Mar 21: Split common stock 2-for-1 by caling in the 16,000 shares of $4 par common stock and issuing new stock in its place Joumal Entry Accounts Date Debit Credit Mar 21 Apr 18: Declared and distributed a 10% stock dividend on the common stock. The market value of the common stock was $36 per share. Journal Entry Date Accounts Debit Credit Apr 18 Jun 18: Purchased 6,000 shares of treasury common stock at $41 per share. Journal Entry Date Accounts Debit Credit Jun 18 Dec 22: Sold 3,000 shares of treasury common stock for $42 per share. Journal Entry Date Accounts Debit Credit Dec 22 More info Jan 6 Declared a cash dividend on the 8,000 shares of $2, no-par preferred stock outstanding. Declared a $0.10 per share dividend on the 16,000 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 16,000 shares of $4 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 $36 per share. Jun 18 Purchased 6,000 shares of treasury common stock at $41 per share. Dec 22 Sold 3,000 shares of treasury common stock for $42 per share