Journalize the transactions. If no entry is required, select $"$No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

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February $3$: Split the common stock $2-$for$-1$ and reduced the par from $$40$ to $$20$ per share. After the split, there were $250,000$ common shares outstanding.

DateAccountDebitCreditFebruary $3$

CashCash DividendsCash Dividends PayableCommon StockNo Entry Required

CashCash DividendsCash Dividends PayableCommon StockNo Entry Required

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April $10$: Declared semiannual dividends of $$1\mathrm{.}50$ on $18,000$ shares of preferred stock and $$0\mathrm{.}08$ on the common stock to stockholders of record on May $10,$ payable on June $9.$

DateAccountDebitCreditApril $10$

CashCash DividendsCash Dividends PayableCommon StockNo Entry Required

CashCash DividendsCash Dividends PayableCommon StockNo Entry Required

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June $9$: Paid the cash dividends.

DateAccountDebitCreditJune $9$

CashCash DividendsCash Dividends PayableCommon StockNo Entry Required

CashCash DividendsCash Dividends PayableCommon StockNo Entry Required

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October $10$: Declared semiannual dividends of $$1\mathrm{.}50$ on the preferred stock and $$0\mathrm{.}04$ on the common stock $($before the stock dividend$).$ In addition, a $2\%$ common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $$36.$

DateAccountDebitCreditOctober $10$

CashCash DividendsCash Dividends PayableCommon StockNo Entry Required

CashCash DividendsCash Dividends PayableNo Entry RequiredPreferred Stock

October $10$

CashCommon StockDividends PayableStock DividendsStock Dividends Distributable

Accounts PayableCashCommon StockNo Entry RequiredStock Dividends Distributable

CashCommon StockNo Entry RequiredPaid$-$In Capital in Excess of Par$-$Common StockStock Dividends

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December $9$: Paid the cash dividends and issued the certificates for the common stock dividend.

DateAccountDebitCreditDecember $9$

CashCash DividendsCash Dividends PayableCommon StockNo Entry Required

CashCash DividendsCash Dividends PayableNo Entry RequiredPreferred Stock

December $9$

CashCash DividendsCommon StockNo Entry RequiredStock Dividends Distributable

CashCash DividendsCommon StockNo Entry RequiredStock Dividends Distributable