chapter 13 accounting 212

ex. 13-22 algo

Selected dividend transactions, stock split Instructions Chart of Accounts Journal Instructions Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. Apr. Jul. Oct. 8 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 153.000 common shares outstanding 30 Declared semiannual dividends of $0.65 on 20,000 shares of preferred stock and $0.22 on the common stock payable on July 1. Paid the cash dividends. 31 Declared semiannual dividends of $0.65 on the preferred stock and $0.13 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 $56. 31 Paid the cash dividends and issued the certificates for the common stock dividend. Dec. Journalize the transactions. In entry is required, simply skip to the next transaction for t he Chart of Accounts for exact wording of account des