Instructions Chart of Accounts Journal Instructions Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8 Apr. 30 Jul. 1 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 131,000 common shares outstanding. Declared semiannual dividends of $0.80 on 18,500 shares of preferred stock and $0.22 on the common stock payable on July 1. Paid the cash dividends. Declared semiannual dividends of S0.80 on the preferred stock and $0.13 on the common stock (before the stock dividend). In addition, a 4% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $50 Paid the cash dividends and issued the certificates for the common stock dividend. Oct. 31 Dec. 31 Instructions Chart of Accounts Journal Instructions Journal JOURNAL ACCOUNT DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LA 1 2 3 4 5 6 7 1 3 9 10