Mar 21: Split common stock 2-for-1 by calling in the 11,000 shares of $4 par common stock and issuing new stock in its place Journal Entry Date Accounts Debit Credit Mar 21 More Info Jan 6 Declared a cash dividend on the 7,000 shares of $5, no-par preferred stock outstanding. Declared a $0.40 per share dividend on the 11,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20. Jan 20 Paid the cash dividends. Mar 21 Split common stock 2-for-1 by calling in the 11,000 shares of $4 par common stock Apr 18 Declared and distributed a 5% stock dividend on the common stock. The market value Jun 18 Purchased 10,000 shares of treasury common stock at $31 per share. and issuing new stock in its place. of the common stock was $27 per share. Dec 22 Sold 5,000 shares of treasury common stock for $35 per share