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: If an amount box does not require an entry, leave it blank. 3an. 8. Split the common stock 3 for 1 and reduced the par from $72 to $24 per share. After the split, there were 72,000 common shares outstanding. 3an. 8 Apr. 30. Declared semiannual dividends of $1.30 on 5,000 shares of preferred stock and 50.07 on the common stock poyable on July 1. Apr: 30 July 1. Paid the cash dividends. July 1 Oct. 31. Deciared semiannual dividends of $1.30 on the preferred stock and $0.06 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 $43. Cash dividends Stock dividends Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Issuance