Selected transactions completed by Primo Discount Corporation during the current fiscal year are as follows: Jan. 9 Feb. 28 May 1 Jul 10 Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,200,000 common shares outstanding. Purchased 40,000 shares of the corporation's own common stock at $28, recording the stock at cost. Declared semiannual dividends of $0.80 per share on 75,000 shares of preferred stock and $0.12 per share on the common stock to stockholders of record on June 1, payable on July 10. Paid the cash dividends Sold 30,000 shares of treasury stock at $34, receiving cash Declared semiannual dividends of $0.80 per share on the preterred stock and $0.12 per share 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 $36. 1 Pold the cash dividends and issued the certificates for the common stock dividend. Sep 7 Oct 1 Dec Journalize the transactions. I no erytry is required simply skip to the next transaction Refer to the Chart of Accounts for exact wording of account titles. Journalize the transactions. I no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account hitles Chart of Accounts CHART OF ACCOUNTS Primo Discount Corporation General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Inventory 145 Office Supplies 161 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation-Equipment EXPENSES 510 Cost of Goods Sold 615 Credit Card Expense 520 Salaries Expanse 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 193 Equipment 194 Accumulated Depreciation-Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense EQUITY 236 Stock Dividends Distributable 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Pald-in Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends Journalize the transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of accounties JOURNAL PAGE 10 DATE ACCOUNTING EQUATION DESCRIPTION . POST REF CREDIT ASSETS EQUITY 2 1 + 15 11 11 COOOK Printem 1 3 11 11 14 11 14