Journalize the Following Selected Transactions Completed During the Current Fiscal $\$ 100$

Essay

Journalize the following selected transactions completed during the current fiscal year: Mar. 4 The board of directors of New Town, Inc. declared a stock split that reduced the par of common shares from $\$ 100$ to $\$ 20$ . This action increased the number of outstanding shares to 500,000 .
26 Declared a dividend of $\$ 1.75$ per share on the outstanding shares of common stock.
Apr. 5 Paid the dividend declared on March 26.
Nov. 1 Declared a $5 \%$ stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $\$ 25$ ).
Dec. 1 Issued the certificates for the common stock dividend declared on November 1.