eBook 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, select "No Entry Required and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Jan. 8. Split the common stock 3 for 1 and reduced the par from $78 to $26 per share. After the spilt, there were 93,000 common shares outstanding Jan. 8 A class of stock with preferential rights over common stock, Apr. 30. Declared semiannual dividends of $1.50 per share on 7.000 shares of preferred stock and $0.12 per share on the common stock payable on July 1. Apr 30 July 1. Paid the cash dividends July 1 Check My Work Previous Next > Oct. 31. Declared semiannual dividends of $1.60 per share on the preferred stock and $0.10 per share on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47. Oct. 31 Oct. 31 (11 10 II III Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend, Dec 31 Dec. 31 Previous Next Check My Work