Selected Olvidend 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. 3an. 8. Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. Ater the split, there were 150,000 common shares sutatanding. Jan. B x x Feesback T Orect My Won Review the effect of stock splts on equity accounts: Apr. 30. Declared semiannual dividends of 50.75 on 18,000 shares of preferred stock and 50.28 on the common stock payable on july 1. Apr. 30 x x Theck Ny Won When a company declares o dividend is becomes legally binding. July 1. Paid the cash dividends: July 1 x ronock Uy wos What are the stockholders' recelving from the corporation? Oct. 31. Deciared semiannual dividends of 50.75 on the preferred stock and 50.14 on the commen stosk (before the stock dovidens). In addition, a 3% cerrimen stock dividend was declared on the cammon stock outstanding. The fali maket value of the common stack is estimated at 452 Cash dividends Oct. 31. Declared semiannual dividends of $0.75 on the preferred stock and 10.14 on the common stock (before the stock dividend), th adelice, a 5% comman stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated ot $52. On the date of deciaration of a cauh ovidens, it becomes legally binding. How do stock dividends affoct stockholders' equity? Dec. 31. Paid the cash dividends and issued the certuficates for the comman stock dividend