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 $$66$ to $$22$ per share. After the split, there were $81,000$ common shares outstanding.

Jan. $8$

No Entry Required

Apr. $30.$ Declared semiannual dividends of $$1\mathrm{.}60$ per share on $6,000$ shares of preferred stock and $$0\mathrm{.}08$ per share on the common stock payable on July $1.$

Apr. $30$

July $1.$ Paid the cash dividends.

July $1$

market value of the common stock is estimated at $$40.$

Oct. $31$

Oct. $31!$

Dec. $31.$ Paid the cash dividends and issued the certificates for the common stock dividend.

Dec. $31$