Selected transactions completed by NuCraft Boating Supply Corporation during the current fiscal year are as follows Mar 5 Split the common stock 4 for 1 and reduced the par from $100 to $25 per share After the split, there were 800,000 common shares outstanding May 15 Declared semiannual dividends ...

Mar 5 No entry required The stockholders ledger would be revised to reco ...

Selected transactions completed by NuCraft Boating Supply Corporation during the current fiscal year are as follows: Mar.

Question:

Selected transactions completed by NuCraft Boating Supply during the current fiscal year are as follows:
Mar. 5. Split the 4 for 1 and reduced the par from $100 to $25 per share.
After the split, there were 800,000 common shares outstanding.
May 15. Declared semiannual dividends of $2 on 15,000 shares of preferred stock and $0.12 on the to stockholders of record on June 14, payable on July 14.
July 14. Paid the cash dividends.
Nov. 15. Declared semiannual dividends of $2 on the preferred stock and $0.14 on the (before the stock In addition, a 1% was declared on the outstanding. The fair market value of the is estimated at $30.
Dec. 15. Paid the cash dividends and issued the certificates for the the transactions.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...