Selected Dividend Transactions, Stock Split Selected transactions completed by Hartwell Boating Supply Corporation during the current fiscal year are as follows: Journalize the transactions. If no entry is required, type "No entry required" and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank. Hide Hint(s) Feb. 10. Split the common stock 3 for 1 and reduced the par from $60 to $20 per share. After the split, there were 78,000 common shares outstanding. Feb. 10 No entry required No entry required Hide May 1. Declared semiannual dividends of $1.70 on 5,000 shares of preferred stock and $0.06 on the common stock payable on June 15. May 1 Cash Dividends 13180 Cash Dividends Payable 13180 Hide June 15. Paid the cash dividends. Jun. 15 Cash Dividends Payable 13180 Cash 13180 Hide Nov. 1. Declared semiannual dividends of $1.70 on the preferred stock and $0.03 on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36. Cash Dividends Cash Dividends Cash Dividends Payable Stock dividends Stock Dividends 28080 Stock Dividends Distributable 15600 Paid-In Capital in Excess of Par-Common Stock 12480 Hide Dec. 15. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Cash Dividends Payable Cash Issuance Stock Dividends Distributable 15600 Common Stock 15600