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, 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 $54 to $18 per share. After the split, there were 114,000 common shares outstanding Jan. 8 Apr. 30. Declared semiannual dividends of $1 on 8,000 shares of preferred stock and $0.15 on the common stock payable on July 1 Apr. 30 July 1. Paid the cash dividende July 1 July 1 Oct. 31. Declared semiannual dividends of $1 on the preferred stock and $0.12 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 $32. Cash Dividends Stock dividends Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Issuance