Required:

From the information given below, journalize the transactions, on the question paper in the space provided. (Descriptions are not required)

No	Details		Dr	Cr
9 Jan	Split the common stock 3 for 1 and reduce the par from $75 to $25 per share. After the split, there were 1 200 000 common shares outstanding.
28 Feb	Purchased 40 000 shares of the corporations own common stock as $20, recording the stock at cost.
1 May	Declared semiannual dividends of $0.80 on 75 000 shares of preferred stock and $0.12 on the common stock to stockholders of record on 1 June, payable on 10 June.
10 July	Paid the cash dividends.
7 Sept	Sold 30 000 shares of treasury stock at $34, receiving the cash.
1 Oct	Declare semiannual dividends of $0.80 on the preferred stock and $0.12 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.
1 Dec	Paid the cash dividends and issued the certificates for the common stock dividend.