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Journalize the transactions. For a compound transaction, if an amount box does not require an...

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Accounting

Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.

Jan. 15. Split the common stock 5 for 1 and reduced the par from $75 to $15 per share. After the split, there were 475,000 common shares outstanding.

Feb. 28. Purchased 38,000 shares of the corporation's own common stock at $20, recording the stock at cost.

May 1. Declared semiannual dividends of $3.10 on 30,000 shares of preferred stock and $0.3 on the common stock to stockholders of record on June 1, payable on July 10.

July 10. Paid the cash dividends.

Sept. 7. Sold 27,000 shares of treasury stock at $28, receiving cash.

Oct. 1. Declared semiannual dividends of $3.10 on the preferred stock and $0.36 on the common stock (before the stock dividend).

Oct. 1. A 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $30.

Dec. 1. Paid the cash dividends.

Dec. 1. Issued the certificates for the common stock dividend.

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