Calcuno 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. For a compound transaction, if an amount box does not require an e Jan. 8. Split the common stock 3 for 1 and reduced the par from $54 to $18 per share. After the split, there were 75,000 common shares outstanding. Jan 8 No Entry Required o No Entry Required 0 Feedback Check My Work Review the effect of stock splits on equity accounts. Apr. 30. Declared semiannual dividends of $1.1 on 5,000 shares of preferred stock and $0.12 on the common stock payable on July 1. Apr. 30 Cash Dividends Cash Dividends Payable v July 1. Paid the cash dividends. July 1 Cash Dividends Payable Cash Feedback Check My Word What are the stockholders' receiving from the corporation? Oct. 31. Declared semiannual dividends of $1.1 on the preferred stock and $0.11 on the common stock (before the stock dividend). In addition, a 2% common stock dividende declared on the common stock outstanding. The fair market value of the common stock is estimated at $32. Cash Dividends Cash Dividends Cash Dividends Payable Stock dividends Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par Common Stock III IIII Previous Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Cash Dividends Payable Cash Issuance Stock Dividends Distributable Common Stock