Selected dividend transactions, stock split Selected transactions completed by Camyon Ferry Boating Corporation during the current fiscal year are as follows. Journalize the transactions. If no entry is required, sefect "No Entry Required" and leove the amount boxes blank. If an amount box does not require an entry, leave it blank. Jan. 8. Split the common stock 2 for 1 and reduced the par from $100 to $50 per share. After the split, there were 300,000 common shares outstanding. Fobsock rChedMy Wor. Review the effect of stock splits on equity accounts. Apr. 30. Declared semiannual dividends of $0.60 per share on 16,000 shares of preferred stock and $0.22 per share on the common stock payable on July 1 . Apc: 30 July 1. Paid the cash dowidends. remait Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend