Instructions 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 171,000 common shares outstanding. Apr. Declared semiannual dividends of $0.65 on 18,000 shares of preferred stock and $0.20 on the 30 common stock payable on July 1. Jul. 1. Paid the cash dividends. Declared semiannual dividends of $0.65 on the preferred stock and $0.10 on the common stock Ot. 31 (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. Dec. Paid the cash dividends and issued the certificates for the common stock dividend. 31 Journalize the transactions. If no entry is required, simply skip to the next transacion. Refer to the Chart of Accounts for exact wording of account ides. Check My Work 3 more Check My Work uses remaining. Previous Next
Instructions 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 171,000 common shares outstanding. Apr. Declared semiannual dividends of $0.65 on 18,000 shares of preferred stock and $0.20 on the 30 common stock payable on July 1. Jul. 1. Paid the cash dividends. Declared semiannual dividends of $0.65 on the preferred stock and $0.10 on the common stock Ot. 31 (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. Dec. Paid the cash dividends and issued the certificates for the common stock dividend. 31 Journalize the transactions. If no entry is required, simply skip to the next transacion. Refer to the Chart of Accounts for exact wording of account ides. Check My Work 3 more Check My Work uses remaining. Previous Next
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
![Instructions
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 171,000 common shares outstanding.
Apr.
Declared semiannual dividends of $0.65 on 18,000 shares of preferred stock and $0.20 on the
30
common stock payable on July 1.
Jul.
1.
Paid the cash dividends.
Declared semiannual dividends of $0.65 on the preferred stock and $0.10 on the common stock
Ot.
31
(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.
Dec.
Paid the cash dividends and issued the certificates for the common stock dividend.
31
Journalize the transactions. If no entry is required, simply skip to the next transacion. Refer to the Chart of Accounts for exact wording of account ides.
Check My Work
3 more Check My Work uses remaining.
Previous
Next](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc6e6fb30-e1d1-47e2-bf56-e2f4a638b285%2F092ed9a1-e747-4a6a-93f8-05467238e675%2F2sbzd9.jpeg&w=3840&q=75)
Transcribed Image Text:Instructions
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 171,000 common shares outstanding.
Apr.
Declared semiannual dividends of $0.65 on 18,000 shares of preferred stock and $0.20 on the
30
common stock payable on July 1.
Jul.
1.
Paid the cash dividends.
Declared semiannual dividends of $0.65 on the preferred stock and $0.10 on the common stock
Ot.
31
(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.
Dec.
Paid the cash dividends and issued the certificates for the common stock dividend.
31
Journalize the transactions. If no entry is required, simply skip to the next transacion. Refer to the Chart of Accounts for exact wording of account ides.
Check My Work
3 more Check My Work uses remaining.
Previous
Next
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