were $1,201,500$ common shares outstanding.

Purchased $40,200$ shares of the corporation's awn common stack at $$27,$ recording the stock at oost.

$30$ Declared semiannual dividends of $$0\mathrm{.}70$ on $70,500$ shares of preferred stock and $$0\mathrm{.}14$ on the common

stock to stockholders of record on May $15,$ payable on June $15.$

$15$ Paid the gash dividends.

Aug. $20$ Sold $31,600$ shares of treasury stock at $$33,$ receiving cash.

Oct. $15$ Declared semiannual dividends of $$0\mathrm{.}70$ on the preferred stock and $$0\mathrm{.}14$ on the comman stock $($bafore

the stack dividend$).$ In addition, a $2\%$ common stock dividend was declared on the oommon stack

outstanding. The fair market value of the common stock is estimated at $$38.$ The dividend date of

record is Navember $15$ payable on Deoember $19.$

Dec. $19$ Paid the cash dividends and issued the certificates for the common stock dividend.

Required:

Journalize the transactions. If no entry is required, simply skip to the next transaction. Rofer to the chart of accounts for the exact wording of the

account titles. CNOW journals do not use lines for joumal explanations. Evary line an a journal page is used far dobit ar orodit antries. CNOW.

joumals will autamatically indent a credit entry when a crodit amount is antared.

CHART OF ACCOUNTS

ATV Discount Corporation

General Ledger

ASsETS

$110$ Cash

$120$ Accounts Receivable

$131$ Notes Receivable

$132$ Interest Receivable

$141$ Merchandise Inwentory

$145$ Office Supplies

$151$ Prepaid Insurance

$181$ Land

$193$ Equipment

$194$ Accumulated Depreciation$-$Equipment

LIABILITIES

$210$ Accounts Payable

$221$ Notes Payable

$226$ Interest Payable

$231$ Cash Dividends Payable

$241$ Salaries Payable

$261$ Morigage Note Payable

EquITY

$311$ Common Stock

$312$ Paid$-$In Capital in Excess of Par$-$Common Stock

$315$ Treasury Stack

$321$ Preferred Stock

$322$ Paid$-$In Capital in Excess of Par$-$Preferred Stock

$331$ Paid$-$In Capital from Sale of Treasury Stack

$340$ Retained Earnings

$350$ Stock Dividends Distributable

$351$ Cash Dividends

$352$ Stock Diwidends

REVENUE

$410$ Sales

$610$ Interest Revenue

EXPENSES

$510$ Cost of Merchandise Sold

$515$ Credit Card Expense

$520$ Salaries Expense

$531$ Advertising Expense

$532$ Delivery Expense

$533$ Seling Expenses

$534$ Rent Expense

$535$ Insurance Expense

$536$ Olfice Supplies Expense

$537$ Organizational Expenses

$562$ Depreciation Expense$-$Equipment

$690$ Miscellaneous Expense

$710$ Interest Expense