Question: question 9. please answer with correct descriptions.. thank you Journalize the following selected transactions completed during the current fiscal year: The board of directors of

question 9. please answer with correct descriptions.. thank you

Journalize the following selected transactions completed during the current fiscal year: The board of directors of New Town, Inc. declared a stock split that reduced the par of common Mar. 4 a shares from $100 to $20. This action increased the number of outstanding shares to 500,000. 26 The Declared a dividend of $1.75 per share on the outstanding shares of common stock. Apr. 5 The Paid the dividend declared on March 26. Declared a 5% stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $25). Nov. 1 Dec. 1 Issued the certificates for the common stock dividend declared on November 1. If no entry is required, select "No Entry Required" and leave the am boxes blank. If an amount box does not require an entry, leave it blank. ount Mar. 4 Mar. 26 Apr. 5 Nov. 1 Dec. 1 Declared a 5% stock dividend on the common stock outstanding Nov. 1 to be issued is $25). Issued the certificates for the common stock dividend declared on Dec. 1 entry is required, select "No Entry Required" and leave the amount box If no Mar. 4 Cash Dividends Payable Mar. 26 Cash Dividends Cash Common Stock Apr. 5 No Entry Required Nov. 1 Dec. 1

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