Stevie-Q Sporting, Inc., completed the following selected transactions during 2018 (Click the icon to view the transactions) Requirements 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any joumal entries. If no journal entry is required, select "No entry required" on the first line of the Accounts column and leave all other cells blank.) Jan 6: Declared a cash dividend on the 10.000 shares of $4, no-par preferred stock outstanding. Declared a $0.50 per share dividend on the 20,000 shares of common stock outstanding. The date of record is January 17, and the payment date is January 20 Start by preparing the necessary entry on the date of declaration-January 6 (Prepare a compound entry) Journal Entry Accounts Jan Date 6 More info COD Debit Credit Jan 6 Declared a cash dividend on the 10,000 shares of $4, no-par preferred stock outstanding Declared a $0.50 per share dividend on the 20,000 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 20,000 shares of $12 par common stock and issung new stock in its place. Apr 18 Declared and distributed a 10% stock dividend on the common stock. The market value of the common stock was $28 per share Jun 10 Purchased 6,000 shares of treasury common stock at $33 per share Dec 22 Sold 4,000 shares of treasury common stock for $37 per share X

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