Instructions Chart of Accounts Instructions Journal Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. Apr. Jul. 8 Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 123,000 common shares outstanding. 30 1 Oct. 31 Dec. 31 Declared semiannual dividends of $0.80 on 16,500 shares of preferred stock and $0.27 on the common stock payable on July 1. Paid the cash dividends. Declared semiannual dividends of $0.80 on the preferred stock and $0.15 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 $51. Paid the cash dividends and issued the certificates for the common stock dividend