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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, type "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 $84 to $28 per share. After the split, there were 108,000 common shares outstanding. 88 Jan. 8 Apr. 30. Declared semiannual dividends of $1.40 on 8,000 shares of preferred stock and $0.10 on the common stock payable on July 1. Apr. 30 00

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, type "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 $84 to $28 per share. After the split, there were 108,000 common shares outstanding. 88 Jan. 8 Apr. 30. Declared semiannual dividends of $1.40 on 8,000 shares of preferred stock and $0.10 on the common stock payable on July 1. Apr. 30 00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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, type "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 $84 to $28 per share. After the split, there were 108,000 common shares outstanding. 88 Jan. 8 Apr. 30. Declared semiannual dividends of $1.40 on 8,000 shares of preferred stock and $0.10 on the common stock payable on July 1. Apг. 30 July 1. Paid the cash dividends. July 1 Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.09 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 $50.
Transcribed Image Text: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, type "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 $84 to $28 per share. After the split, there were 108,000 common shares outstanding. 88 Jan. 8 Apr. 30. Declared semiannual dividends of $1.40 on 8,000 shares of preferred stock and $0.10 on the common stock payable on July 1. Apг. 30 July 1. Paid the cash dividends. July 1 Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.09 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 $50.
38 July 1 Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.09 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 $50. Cash dividends Stock dividends <> Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Issuance 00 0000 00 00 00
Transcribed Image Text:38 July 1 Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.09 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 $50. Cash dividends Stock dividends <> Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment Issuance 00 0000 00 00 00
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