eBook Calculator Pri tem Selected Dividend Transactions, Stock Split Selected transactions completed by Canyon Ferrytting 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. Spit the common stock 2 for 1 and reduced the par from $36 to $10 per share. After the split, there were 111,000 common shares outstanding Jan. No Entry Required No Entry Required Review the effect of stock splits on equity accounts Apr. 30. Declared semiannual dividends of $1.60 per share on 6,000 shares of preferred stock and $0.14 per share on the common stock payable on July 1. Apr 30 Cash Dividends Cash Dividends Payable Chody on When a company declares a dividend it becomes legally binding Funny MICE John Mortsock10 Global RG 11 Gbow Google eflock Calculator Printem When a company dedares a dividend it becomes legally binding July 1. Paid the cash dividends July 1 Cash Dividends Payable Cash 28.340 20,340 Tea MyW What are the stockholders' receiving from the corporation? Oct. 31. Declared semiannual dividends of $1.60 per share on the preferred stock and $0.11 per share 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 $32. Oct. 31 Cash Dividends Cash Dividends Payable Oct 31 Stock Dividends DI ID II III Stock Dividends Distributable Paid In Capital in Excess of Par-Common Stock market value of the common stock is estimated at $12 Oct. 31 Cash Dividends Cash Dividends Payable Oct. 31 Stock Dividends Stock Dividends Distributable II IID III II. Paldin Capital in Excess of Par Common Stock On the date of declaration of a cash dividend, it becomes legaly binding. How do stock dividends afect stockholders' equity? Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Dec. 31 I II II II II Dec 31 Te