Selected transactions completed by NuCraft Boating Supply Corporation during the current fiscal year are as follows:objs. 2, 3, 4, 6

Transcribed Image Text:

Mar. 5. Split the common stock 4 for 1 and reduced the par from $100 to $25 per share. After the split, there were 800,000 common shares outstanding. May 15. Declared semiannual dividends of $2 on 15,000 shares of preferred stock and $0.12 on the common stock to stockholders of record on June 14, payable on July 14. July 14. Paid the cash dividends. Nov. 15. Declared semiannual dividends of $2 on the preferred stock and $0.14 on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $30. Dec. 15. Paid the cash dividends and issued the certificates for the common stock dividend. Journalize the transactions.