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, it 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 $36 to $18 per share. After the split, there were 141,000 common shares outstanding Jan. 8 No Entry Required No Entry Required Feedback Apr. 30. Declared semiannual dividends of $1.5 on 10,000 shares of preferred stock and $0.06 on the common stock payable on July 1. Apr 30 Cash Dividends Cash Dividends Payable Embed July 1. Paid the cash dividends. July 1 Cash Dividends Payable Cash Oct. 31. Declared semiannual dividends of $1.5 on the preferred stock and $0.05 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 $32 Cash Dividends Cash Dividends Cash Dividends Payable Stock dividends Stock Dividends Stock Dividends Distributable Paid In Capital in Excess of Par Common Stock lll I 110 Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Cash Dividends Payable Cash Issuance Stock Dividends Distributable Common Stock