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 2 for 1 and reduced the par from $44 to $22 per share. After the split, there were 108,000 common shares outstanding. Account Date: Debit Credit Jan. 8 Apr. 30. Declared semiannual dividends of $1.50 per share on 6,000 shares of preferred stock and $0.09 per share on the common stock payable on July 1. < Date Apr. 30 Account Debit Credit July 1. Paid the cash dividends. Date Account July 1 Debit Credit Oct. 31. Declared semiannual dividends of $1.50 per share on the preferred stock and 50.08 per share on the common stock (before the stock dividend). In addition, a 3% comm The fair market value of the common stock is estimated at $40. Date Oct. 31 Oct. 31 Account Debit Credit