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, 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 $100 to $50 per share. After the split, there were 300,000 common shares outstanding.
| Jan. 8 | fill in the blank 4d5e86fdffa4fe8_2 | fill in the blank 4d5e86fdffa4fe8_3 | |
| fill in the blank 4d5e86fdffa4fe8_5 | fill in the blank 4d5e86fdffa4fe8_6 |
Apr. 30. Declared semiannual dividends of $0.60 per share on 16,000 shares of preferred stock and $0.22 per share on the common stock payable on July 1.
| Apr. 30 | fill in the blank 90741dfeafbe012_2 | fill in the blank 90741dfeafbe012_3 | |
| fill in the blank 90741dfeafbe012_5 | fill in the blank 90741dfeafbe012_6 |
July 1. Paid the cash dividends.
| July 1 | fill in the blank b7bfee051048fca_2 | fill in the blank b7bfee051048fca_3 | |
| fill in the blank b7bfee051048fca_5 | fill in the blank b7bfee051048fca_6 |
Oct. 31. Declared semiannual dividends of $0.60 per share on the preferred stock and $0.11 per share on the common stock (before the stock dividend). In addition, a 5% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $56.
| Oct. 31 | fill in the blank a82ac5025fb3fd7_2 | fill in the blank a82ac5025fb3fd7_3 | |
| fill in the blank a82ac5025fb3fd7_5 | fill in the blank a82ac5025fb3fd7_6 | ||
| Oct. 31 | fill in the blank a82ac5025fb3fd7_8 | fill in the blank a82ac5025fb3fd7_9 | |
| fill in the blank a82ac5025fb3fd7_11 | fill in the blank a82ac5025fb3fd7_12 | ||
| fill in the blank a82ac5025fb3fd7_14 | fill in the blank a82ac5025fb3fd7_15 |
Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend.
| Dec. 31 | fill in the blank 9862f1013017fff_2 | fill in the blank 9862f1013017fff_3 | |
| fill in the blank 9862f1013017fff_5 | fill in the blank 9862f1013017fff_6 | ||
| Dec. 31 | fill in the blank 9862f1013017fff_8 | fill in the blank 9862f1013017fff_9 | |
| fill in the blank 9862f1013017fff_11 | fill in the blank 9862f1013017fff_12 |
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
9781618533111
