https:/ewconnect.mheducat nnect.html AIO G Google * Settings MMM Login Colonial Life ) GSB Sales Helplle. Search for OPERS C.HowtoSchedule a, Coks Calling tip. T aps 10-12 Help Save & Ext MC Qu. 145 On September 1, Ziegler... On September 1, Ziegler Corporation had 59,000 shares of $5 par value common stock, corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is: and $177,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the of Muluple Choice Debit Retained Earnings $885,000; credit Common Stock Spit Distributable $885,000. Debit Retained Earnings $885,000, credit Common Stock $885,000. Debit Retained Earnings $295.000, credit Common Stock $295,000 Deblit Retained Earnings $295,000, credit Stock Split Payable $295,000 No entry is made for this transaction