Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 131,000 common shares outstanding. Apr. 30 Declared semiannual dividends of $0.80 on 18,500 shares of preferred stock and $0.22 on the common stock payable on July 1. Jul. 1 Paid the cash dividends. Oct. 31 Declared semiannual dividends of $0.80 on the preferred stock and $0.13 on the common stock (before the stock dividend). In addition, a 4% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $50. Dec. 31 Paid the cash dividends and issued the certificates for the common stock dividend.

Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 131,000 common shares outstanding. Apr. 30 Declared semiannual dividends of $0.80 on 18,500 shares of preferred stock and $0.22 on the common stock payable on July 1. Jul. 1 Paid the cash dividends. Oct. 31 Declared semiannual dividends of $0.80 on the preferred stock and $0.13 on the common stock (before the stock dividend). In addition, a 4% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $50. Dec. 31 Paid the cash dividends and issued the certificates for the common stock dividend. JOURNAL Score: 106/163 ACCOUNTING E DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIE 1 Apr. 30 Cash Dividends 45,900.00 2 Cash Dividends Payable 45,900.00 1 3 Jul. 1 Cash Dividends Payable 4 Cash 5 Oct. 31 Cash Dividends 6 Cash Dividends Payable 7 Oct. 31 Stock Dividends 8 Stock Dividends Distributable 9 Paid-In Capital in Excess of Par-Preferred Stock 10 Dec. 31 Cash Dividends Payable 11 Cash 12 Dec. 31 Stock Dividends Distributable 179,550.00 1 13 Common Stock