Question

resource from Cengage Learning Selected Dividend Transactions, Stock Split Selected transactions completed by Canyon Ferry Boating 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 bank Jan. 8. Split the common stock 2 for 1 and reduced the par from $36 to $18 per share. After the split, there were 84,000 common shares outstanding. lan 8 -_ Apr. 30. Declared semiannual dividends of $1.4 on 6,000 shares of preferred stock and $0.11 on the common stock payable on July 1. Apr 30 July 1. Paid the cash dividends. July 1 - Oct. 31. Declared semiannual dividends of $1.4 on the preferred stock and $0.09 on the common stock (before the stock dividend). In addition, a 25 common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $32. Cash Dividends Stock dividends Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Issuance