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.

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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.

Date	Account	Debit	Credit
Jan. 8	CashCash DividendsCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common Stock	- Select -	- Select -
	CashCash DividendsCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common Stock	- Select -	- Select -

Question Content Area

Apr. 30. Declared semiannual dividends of $1.40 per share on 10,000 shares of preferred stock and $0.09 per share on the common stock payable on July 1.

Date	Account	Debit	Credit
Apr. 30	Cash DividendsCash Dividends PayableCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common Stock	- Select -	- Select -
	Cash DividendsCash Dividends PayableCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common Stock	- Select -	- Select -

Question Content Area

July 1. Paid the cash dividends.

Date	Account	Debit	Credit
July 1	Cash DividendsCash Dividends PayableCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common Stock	- Select -	- Select -
	CashCash DividendsCash Dividends PayableNo Entry RequiredPaid-In Capital in Excess of Par-Common Stock	- Select -	- Select -

Question Content Area

Oct. 31. Declared semiannual dividends of $1.40 per share on the preferred stock and $0.06 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 $32.

Date	Account	Debit	Credit
Oct. 31	CashCash DividendsCash Dividends PayableCommon StockNo Entry Required	- Select -	- Select -
	CashCash DividendsCash Dividends PayableCommon StockNo Entry Required	- Select -	- Select -
Oct. 31	Common StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockStock DividendsStock Dividends Distributable	- Select -	- Select -
	CashCommon StockNo Entry RequiredStock DividendsStock Dividends Distributable	- Select -	- Select -
	CashCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockStock Dividends	- Select -	- Select -

Question Content Area

Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend.

Date	Account	Debit	Credit
Dec. 31	CashCash DividendsCash Dividends PayableCommon StockNo Entry Required	- Select -	- Select -
	CashCash DividendsCash Dividends PayableCommon StockNo Entry Required	- Select -	- Select -
Dec. 31	CashCommon StockNo Entry RequiredStock DividendsStock Dividends Distributable	- Select -	- Select -
	CashCommon StockNo Entry RequiredStock DividendsStock Dividends Distributable	- Select -	- Select -