KHART OF ACCOUNTS Canyon Ferry Boating Comoration General Leder ASSETS EQUITY 110 ch 311 Common Stark 120 Accounts Receivable 312 Paid-in Capital in Excess of Par-Common Stock 131 Notes Receivable 315 Treasury Stock 152 Interest Receivable 321 Preferred Stock 141 Merchandise inventory 322 Paid-in Capital in Excess of Par-Preferred Stock 145 Ofice Supplies 331 Paid-in Capital from Sale of Treasury Stock 151 Prepaid Insurance 340 Ratained Eamings 181 Land 350 Stock Diridende Distributable 193 Equipment 351 Cash Dividends 194 Accumulated Depreciation Equipment 352 3lock Dividerad LIABILITIES 390 Income Summary 210 Accounts Payable REVENUE 221 Notes Payable 410 Sales 226 Interest Payable 610 Interest Revenue 231 Cash Dividends Fayable EXTENSES 241 Salaries Payable 510 Cost of Merchandise Sold 261 Mertgage Nole Payable 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delirery Experse 538 Selling Expanses 534 Rent Fixpense 535 Inswance Expense 536 Office Supplies Exsense 537 Organizational Expenses 56. Depreciation Expense-Equpment 590 Miscellaecus Expanse 710 Interest Expense Instructions Chart of Accounts Journal Instructions Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8 Apr 30 Split the common stock 2 for 1 and reduced the par from $70 to $35 per share. After the split, there were 153,000 common shares outstanding. Declared semiannual dividends of $0.65 on 20,000 shares of preferred stock and $0.22 on the common stock payable on July 1. Paid the cash dividends. Declared semiannual dividends of $0.65 on the preferred stock and $0.13 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $55. Jul. Oct. 1 31 Dec. 31 Paid the cash dividends and issued the certificates for the common stock dividend