Selected Dividend Transactions, Stock Split

Selected transactions completed by Hartwell Boating Supply Corporation during the current fiscal year are as follows:

Journalize the transactions.

If no entry is required, type "No entry required" and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank.

Nov. 1. Declared semiannual dividends of $1.30 on the preferred stock and $0.08 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47.