Selected transactions completed by ATV Discount Corporationduring the current fiscal year are as follows: Jan. 5. Split thecommon stock 3 for 1 and reduced the par from $75 to $25 per share.After the split, there were 1,051,500 common shares outstanding.Mar. 10. Purchased 41,200 shares of the corporation’s own commonstock at $27, recording the stock at cost. Apr. 30. Declaredsemiannual dividends of $0.90 on 71,600 shares of preferred stockand $0.13 on the common stock to stockholders of record on May 15,payable on June 15. June 15. Paid the cash dividends. Aug. 20. Sold28,500 shares of treasury stock at $34, receiving cash. Oct. 15Declared semiannual dividends of $0.90 on the preferred stock and$0.13 on the common stock (before the stock dividend). In addition,a 3% common stock dividend was declared on the common stockoutstanding. The fair market value of the common stock is estimatedat $38. The dividend date of record is November 15 payable onDecember 19. Dec. 19. Paid the cash dividends and issued thecertificates for the common stock dividend. Journalize thetransactions. If no entry is required, simply skip to the nexttransaction. Refer to the Chart of Accounts for exact wording ofaccount titles.

1.Journalize the transactions. If no entry is required, simplyskip to the next transaction. Refer to the Chart of Accounts forexact wording of account titles.