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.

Jan. 8. Split the common stock 2 for 1 and reduced the par from $44 to $22 per share. After the split, there were 102,000 common shares outstanding.

Jan. 8	No Entry Required
	No Entry Required

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Apr. 30. Declared semiannual dividends of $1.20 per share on 7,000 shares of preferred stock and $0.06 per share on the common stock payable on July 1.

Apr. 30	Cash Dividends
	Cash Dividends Payable

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July 1. Paid the cash dividends.

July 1	Cash Dividends Payable
	Cash

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Oct. 31. Declared semiannual dividends of $1.20 per share on the preferred stock and $0.03 per share 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 $40.

Oct. 31	Cash Dividends
	Cash Dividends Payable
Oct. 31	Stock Dividends
	Stock Dividends Distributable
	Paid-In Capital in Excess of Par-Common Stock

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

Dec. 31	Cash Dividends Payable
	Cash
Dec. 31	Stock Dividends Distributable
	Common Stock