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

question 171

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.

---

Definitions:

Warrantless Search

A search conducted by law enforcement without a court-issued warrant, often justified by exigent circumstances or conducted within specific legal exceptions.

Digital Contents

Electronic materials such as text, images, video, and audio that are created, shared, and accessed via digital devices and platforms.

Riley v. California

A landmark Supreme Court case in 2014 that held that police must obtain a warrant before searching the digital contents of an individual's cellphone during an arrest.

Marbury v. Madison

A landmark U.S. Supreme Court case from 1803 that established the principle of judicial review, allowing courts to strike down laws unconstitutional.