elected 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, select $"$No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

Question Content Area

Jan. $8.$ Split the common stock $2$ for $1$ and reduced the par from $$28$ to $$14$ per share. After the split, there were $84,000$ common shares outstanding. Apr. $30.$ Declared semiannual dividends of $$1\mathrm{.}30$ per share on $6,000$ shares of preferred stock and $$0\mathrm{.}10$ per share on the common stock payable on July $1.$ July $1.$ Paid the cash dividends. Oct. $31.$ Declared semiannual dividends of $$1\mathrm{.}30$ per share on the preferred stock and $$0\mathrm{.}09$ per share on the common stock $($before the stock dividend$).$ In addition, a $3\%$ common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $$25.$ Dec. $31.$ Paid the cash dividends and issued the certificates for the common stock dividend.