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.

Question Content Area

Jan. 8. Split the common stock 2 for 1 and reduced the par from $52 to $26 per share. After the split, there were 132,000 common shares outstanding.

Jan. 8.	No entry required	? .
	no entry required		? .

Apr. 30. Declared semiannual dividends of $1.00 on 9,000 shares of preferred stock and $0.07 on the common stock payable on July 1.

Apr. 30.	Cash Dividends	? .
	Cash Dividends Payable		. ?

July 1. Paid the cash dividends.

July 1.	Cash Dividends Payable	. ?
	Cash		. ?

Oct. 31. Declared semiannual dividends of $1.00 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 $47.

Cash Dividends	Cash Dividends	. ?
	Cash Dividends Payable		. ?
Stock dividends	Stock Dividends	. ?	. ?
	Stock Dividends Distributable	. ?	. ?
	Paid-In Capital in Excess of Par-Common Stock	. ?	. ?

Dec. 15. Paid the cash dividends and issued the certificates for the common stock dividend.

Payment	Cash Dividends Payable	. ?
	Cash		. ?
Issuance	Stock Dividends Distributable	. ?
	Common Stock		. ?