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Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Jan. 5 Mar Apr. 10 8 Split the common

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Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Jan. 5 Mar Apr. 10 8 Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,051,500 common shares outstanding Purchased 41,200 shares of the corporation's own common stock at $27, recording the stock at cost 30 Declared semiannual dividends of $0.90 on 71,600 shares of preferred stock and $0.13 on the common stock to stockholders of record on May 15, payable on June 15 June 15 Paid the cash dividends. Aug 20 Sold 28,500 shares of treasury stock at $34, receiving cash. Oct Dec 15 Declared semiannual dividends of $0.90 on the preferred stock and $0.13 on the common stock (before the stock dividend). In addition, a 3% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $38. The dividend date of record in November 15 payable on December 19. 19 Paid the cash dividends and issued the certificates for the common stock dividend. 4 Required: Journalize the transactions. If no entry is required, simply skip to the next transaction. Refer to the chart of accounts for the exact wording of the eccount titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered.

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