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T Sports Corporation completed the following selected transactions during 20X6: January 6 Declared a cash dividend on the 10,000 shares of S2.25no-par preferred stock. Declared
T Sports Corporation completed the following selected transactions during 20X6: January 6 Declared a cash dividend on the 10,000 shares of S2.25no-par preferred stock. Declared a So. 20 per share dividend on the 10,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20. January 20 Paid the cash dividends March 21 Split common stock 2 for 1 by calling in the 10,000 shares of $10 par value and issuing new stocks in its place April 18 Distributed a 10% stock dividend on the common stock. The market value of the common stock was $27 per share. Record the transactions in the general journal
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