Stevie -Q Sporting, Inc., completed the following selected transactions during 2018: i (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.) Jan 6: Declared a cash dividend on the 9,000 shares of $2, no-par preferred stock outstanding. Declared a $0.10 per share dividend on the 12,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20. Start by preparing the necssary entry on the date of declarationJanuary 6. (Prepare a compound entry.) Date Jan 6 Retained earnings Journal Entry Accounts Dividends payable, common Dividends payable, preferred Jan 20: Paid the cash dividends. Debit Credit Jan 20: Paid the cash dividends. Journal Entry Date Accounts Debit Credit Jan 20 Dividends payable, common Dividends payable, preferred Cash Mar 21: Split common stock 2-for-1 by calling in the 12,000 shares of $2 par common stock and issuing new stock in its place. Journal Entry Date Accounts Mar 21 No entry required. Debit Credit Apr 18: Declared and distributed a 5% stock dividend on the common stock. The market value of the common stock was $31 per share. Journal Entry Date Accounts Apr 18 Retained earnings Common stock Cash Jun 18: Purchased 1,000 shares of treasury common stock at $36 per share. Journal Entry Date Accounts Jun 18 Treasury stock Cash Debit Credit Debit Credit Dec 22: Sold 500 shares of treasury common stock for $38 per share. Date Dec 22 Cash Treasury stock Journal Entry Accounts Debit Credit Jan 6 Declared a cash dividend on the 9,000 shares of $2, no-par preferred stock outstanding. Declared a $0.10 per share dividend on the 12,000 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 12,000 shares of $2 par common stock and issuing new stock in its place. Apr 18 Declared and distributed a 5% stock dividend on the common stock. The market value of the common stock was $31 per share. Jun 18 Purchased 1,000 shares of treasury common stock at $36 per share. Dec 22 Sold 500 shares of treasury common stock for $38 per share