Question
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
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, type "No Entry Required" and leave the amount boxes blank. For a compound transaction, 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 $32 to $16 per share. After the split, there were 93,000 common shares outstanding.
Jan. 8 | No Entry Required | fill in the blank 62fc1308ffaafda_2 | |
No Entry Required | fill in the blank 62fc1308ffaafda_4 |
Apr. 30. Declared semiannual dividends of $1.7 on 7,000 shares of preferred stock and $0.11 on the common stock payable on July 1.
Apr. 30 | Cash Dividends | fill in the blank 8c60cbfd004cfc8_2 | |
Cash Dividends Payable | fill in the blank 8c60cbfd004cfc8_4 |
July 1. Paid the cash dividends.
July 1 | Cash Dividends Payable | fill in the blank 830bdaf45f94064_2 | |
Cash | fill in the blank 830bdaf45f94064_4 |
Oct. 31. Declared semiannual dividends of $1.7 on the preferred stock and $0.08 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 $29.
Cash Dividends | Cash Dividends | fill in the blank 2725f6053fa4062_2 | |
Cash Dividends Payable | fill in the blank 2725f6053fa4062_4 | ||
Stock dividends | Stock Dividends | fill in the blank 2725f6053fa4062_6 | fill in the blank 2725f6053fa4062_7 |
Stock Dividends Distributable | fill in the blank 2725f6053fa4062_9 | fill in the blank 2725f6053fa4062_10 | |
Paid-In Capital in Excess of Par-Common Stock | fill in the blank 2725f6053fa4062_12 | fill in the blank 2725f6053fa4062_13 |
Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend.
Payment | Cash Dividends Payable | fill in the blank 51c8a2fb806bfa2_2 | |
Cash | fill in the blank 51c8a2fb806bfa2_4 | ||
Issuance | Stock Dividends Distributable | fill in the blank 51c8a2fb806bfa2_6 | |
Common Stock | fill in the blank 51c8a2fb806bfa2_8 |
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