Selected Dividend Transactions, Stock Split Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal
Question:
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. If an amount box does not require an entry, leave it blank.
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Jan. Split the common stock for and reduced the par from $ to $ per share. After the split, there were common shares outstanding.
Jan.
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Apr. Declared semiannual dividends of $ on shares of preferred stock and $ on the common stock payable on July
Apr.
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July Paid the cash dividends.
July
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Oct. Declared semiannual dividends of $ on the preferred stock and $ on the common stock before the stock dividend In addition, a common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $
Cash dividends
Stock dividends
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Dec. Paid the cash dividends and issued the certificates for the common stock dividend.
Payment
Issuance.
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac