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 bax does not require an entry, leave it blank Jan. 8. Split the common stock 3 for 1 and reduced the par from $48 to $16 per share. After the split, there were 60,000 common shares outstanding. an. 8 Apr. 30. Declared semiannual dividends of $1.40 on 4,000 shares of preferred stock and $0.15 on the common stock payable on July 1. Apr 30 July 1. Paid the cash dividends uly 1 Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.12 on the common stock before the stock d de d in addition, s 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $29. Cash Dividends