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, ran amount box does not require an entry, leave t 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 132,000 common shares outstanding Jan. 8. No entry required No entry required Foedback Review the effect of stock splits on equity accounts. Learning Objective 3, Learning Objective 4 Apr. 30, Declared semiannual dividends of $1.20 on 9,000 shares of preferred stock and s0.08 on the common stock payable on July 1 Apr 30, Cash Dividends y 21,360 Cash Dividends Payable Y 21,360 Y Check My Work When a company declares a dividend it becomes legally binding Previous Net 0 more Check My Work uses remaining