Selected 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.

Selected 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. Jan. 8. Split the common stock 3 for 1 and reduced the par from $42 to $14 per share. After the split, there were 93,000 common shares outstanding. Jan. 8. No entry required No entry required Feedback Check My Work Review the effect of stock splits on equity accounts. Learning Objective 3, Learning Objective 4. Apr. 30. Declared semiannual dividends of $1.00 on 7,000 shares of preferred stock and $0.08 on the common stock payable on July 1. Apr 30. Cash Dividends Cash Dividends Payable Feedback Check My Work When a company declares a dividend it becomes legally binding. Learning Objective 3, Learning Objective 4. July 1. Paid the cash dividends. July 1 Cash Dividends Payable Cash Feedback Check My Work What are the stockholders' receiving from the corporation? Learning Objective 3, Leaming Objective 4. Oct. 31. Declared semiannual dividends of $1.00 on the preferred stock and $0.05 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 $25. Cash Dividends Cash Dividends Cash Dividends Payable Stock dividends Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Feedback Check My Work Dec. 15. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Cash Dividends Payable Cash Stock Dividends Distributable Issuance Common Stock Feedback Check My Work What are the stockholders receiving? Learning Objective 3, Learning Objective 4. Feedback Check My Work Partially correct