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.

Feb. 10. Split the common stock 3 for 1 and reduced the par from $78 to $26 per share. After the split, there were 129,000 common shares outstanding.

May 1. Declared semiannual dividends of $1.70 on 9,000 shares of preferred stock and $0.07 on the common stock payable on June 15.

June 15. Paid the cash dividends.

Nov. 1. Declared semiannual dividends of $1.70 on the preferred stock and $0.06 on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47.

Cash Dividends: 2 entries

Stock Dividends: 3 entries

Dec. 15. Paid the cash dividends and issued the certificates for the common stock dividend.

Payment: 2 entries

Issuance: 2 entries