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. Jan. 8. Split the common stock 3 for 1 and reduced the par from $78 to $26 per share. After the split, there were 78,000 common shares outstanding 3in. 8 roned Wy Wos: Review the effect of stock splits on equity accounts. Apr. 30. Declared semiannual dividends of $1,40 on 5,000 shares of preferred stock and $0.12 on the common stock payable on July 1. A T Ched Uy Wion When a company declares a dvidend it becomes legally binding. July 1. Paid the cash dividends. TCock Mr wos What are the stockholders' receiving from the corporation? Oct. 31. Deciared semiannusl dividends of $1.40 on the preferred stock and $0.11 on the common stock (before the stock dividend). In addibion, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at 547. roved Wy wod On the date of declaretion of a cash dividend, it becomes legally binding. How do stock dividends affect stockholders' equity? TChea My Wist On the date of deciaration of a cash dividend, becomes legaily binding. How do stock dividends affect stockholders' equity? Dec, 31. Paid the cash dividends and issued the centificates for the common stock dividend