Question : Transactions completed by Boating Corporation during the fiscal year :
Required : Journalize the transactions
Jan. Split the common stock for and reduced the par from $ to $ per share. After the split, there were common shares outstanding.
Apr. Declared semiannual dividends of $ on shares of preferred stock and $ on the common stock payable on July
July Paid the cash dividends.
Oct. Declared semiannual dividends of $ on the preferred stock and $ on the common stock before the stock dividend In addition, a common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $
Nov Issued shares of common stock for $ per share Par value $
Dec. Purchased shares of treasury stock for $ per share.
Dec. Paid the cash dividends and issued the certificates for the common stock dividend.
Required : Prepare the Stockholder's Equity section of the December Stockholder's Equity section Balance sheet Partial
