Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan Apr. Jul 8 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 171,000 common shares outstanding, 30 Declared semiannual dividends of $0.65 on 18,000 shares of preferred stock and $0.20 on the common stock payable on July 1. 1 Paid the cash dividends. 31 Declared semiannual dividends of $0.65 on the preferred stock and $0.10 on the common stock (before the stock dividend). In addition, a 3% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $55. Paid the cash dividends and issued the certificates for the common stock dividend. Oct Dec 31 ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue EXPENSES 131 Notes Receivable 132 Interest Receivable 141 Inventory 510 Cost of Goods Sold 145 Office Supplies 515 Credit Card Expense 520 Salaries Expense 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation-Equipment LIABILITIES 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 236 Stock Dividends Distributable 241 Salaries Payable 710 Interest Expense EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan Apr. Jul 8 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 171,000 common shares outstanding, 30 Declared semiannual dividends of $0.65 on 18,000 shares of preferred stock and $0.20 on the common stock payable on July 1. 1 Paid the cash dividends. 31 Declared semiannual dividends of $0.65 on the preferred stock and $0.10 on the common stock (before the stock dividend). In addition, a 3% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $55. Paid the cash dividends and issued the certificates for the common stock dividend. Oct Dec 31 ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue EXPENSES 131 Notes Receivable 132 Interest Receivable 141 Inventory 510 Cost of Goods Sold 145 Office Supplies 515 Credit Card Expense 520 Salaries Expense 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation-Equipment LIABILITIES 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 236 Stock Dividends Distributable 241 Salaries Payable 710 Interest Expense EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary