Selected Dividend Transactions, Stock Split Selected transactions completed by Canyon Ferry Boating Corporation during the...
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Selected Dividend 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 Jan. 8. Split the common stock 3 for 1 and reduced the par from $78 to $26 per share. After the split, there were 132,000 common shares outstanding an, 8. Apr. 30. Declared semiannual dividends of $1.20 an 9,000 shares of preferred stock and so.o8 onthe common stock payable on July 1. Apr 30. July 1. Paid the cash dividends. uly 1. Oct. 31 Decared semia nual dividends of si 20 on the preferred stoc and $0.06 on the common stock before the stock dividend dividend was declared on the common stock outstanding. The fair market vatlue of the common stock is estimated at $47 Cash Dividends In addtion, a 1% con r on stock
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