Selected dividend transactions, stock split Selected transactions completed by Canyon Ferry Boating Corporation during the current...

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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 split, there were 150,000 common shares outstanding. Jan. 8 No Entry Required No Entry Required Feedback Check My Work Review the effect of stock splits on equity accounts. Apr. 30. Declared semiannual dividends of $1.30 per share on 11,000 shares of preferred stock and $0.12 per share on the common stock payable on July 1 Apr. 30. Declared semiannual dividends of $1.30 per share on 11,000 shares of preferred stock and $0.12 per share on the common stock payable on July 1. Apr. 30 Cash Dividends Cash Dividends Payable Feedback Check My Work When a company declares a dividend it becomes legally binding. July 1. Paid the cash dividends. July 1 Cash Dividends Payable Cash Feedback ED Oct. 31. Dedared semiannual dividends of $1.30 per share on the preferred stock and $0.09 per share on the common stock (before the stock dividend). In addition, a 3% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47. Oct. 31 Cash Dividends Cash Dividends Payable Oct. 31 Stock Dividends Stock Dividends Distributable Paid In Capital in Excess of Par-Common Stock Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Dec. 31 Cash Dividends Payable Cash Dec. 31 Stock Dividends Distributable Common Stock E 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 split, there were 150,000 common shares outstanding. Jan. 8 No Entry Required No Entry Required Feedback Check My Work Review the effect of stock splits on equity accounts. Apr. 30. Declared semiannual dividends of $1.30 per share on 11,000 shares of preferred stock and $0.12 per share on the common stock payable on July 1 Apr. 30. Declared semiannual dividends of $1.30 per share on 11,000 shares of preferred stock and $0.12 per share on the common stock payable on July 1. Apr. 30 Cash Dividends Cash Dividends Payable Feedback Check My Work When a company declares a dividend it becomes legally binding. July 1. Paid the cash dividends. July 1 Cash Dividends Payable Cash Feedback ED Oct. 31. Dedared semiannual dividends of $1.30 per share on the preferred stock and $0.09 per share on the common stock (before the stock dividend). In addition, a 3% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47. Oct. 31 Cash Dividends Cash Dividends Payable Oct. 31 Stock Dividends Stock Dividends Distributable Paid In Capital in Excess of Par-Common Stock Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Dec. 31 Cash Dividends Payable Cash Dec. 31 Stock Dividends Distributable Common Stock E