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. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 8. Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 150,000 common shares outstanding. Jan. 8 fill in the blank 2d61f7fb906a068_2 fill in the blank 2d61f7fb906a068_4 Apr. 30. Declared semiannual dividends of $0.75 on 18,000 shares of preferred stock and $0.28 on the common stock payable on July 1. Apr. 30 fill in the blank 548987ff1fcff99_2 fill in the blank 548987ff1fcff99_4 July 1. Paid the cash dividends. July 1 fill in the blank c6a023f9cffef8f_2 fill in the blank c6a023f9cffef8f_4 Oct. 31. Declared semiannual dividends of $0.75 on the preferred stock and $0.14 on the common stock (before the stock dividend). In addition, a 5% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $52. Cash dividends fill in the blank 42c336f9af9cf97_2 fill in the blank 42c336f9af9cf97_4 Stock dividends fill in the blank 42c336f9af9cf97_6 fill in the blank 42c336f9af9cf97_7 fill in the blank 42c336f9af9cf97_9 fill in the blank 42c336f9af9cf97_10 fill in the blank 42c336f9af9cf97_12 fill in the blank 42c336f9af9cf97_13 Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Payment fill in the blank c5f106f5604f053_2 fill in the blank c5f106f5604f053_4 Issuance fill in the blank c5f106f5604f053_6 fill in the blank c5f106f5604f053_8

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 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. For a compound transaction, if an amount box does not require an entry, leave it blank.

Jan. 8. Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 150,000 common shares outstanding.

Jan. 8		fill in the blank 2d61f7fb906a068_2
			fill in the blank 2d61f7fb906a068_4

Apr. 30. Declared semiannual dividends of $0.75 on 18,000 shares of preferred stock and $0.28 on the common stock payable on July 1.

Apr. 30		fill in the blank 548987ff1fcff99_2
			fill in the blank 548987ff1fcff99_4

July 1. Paid the cash dividends.

July 1		fill in the blank c6a023f9cffef8f_2
			fill in the blank c6a023f9cffef8f_4

Oct. 31. Declared semiannual dividends of $0.75 on the preferred stock and $0.14 on the common stock (before the stock dividend). In addition, a 5% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $52.

Cash dividends	fill in the blank 42c336f9af9cf97_2
		fill in the blank 42c336f9af9cf97_4
Stock dividends	fill in the blank 42c336f9af9cf97_6	fill in the blank 42c336f9af9cf97_7
	fill in the blank 42c336f9af9cf97_9	fill in the blank 42c336f9af9cf97_10
	fill in the blank 42c336f9af9cf97_12	fill in the blank 42c336f9af9cf97_13

Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend.

Payment	fill in the blank c5f106f5604f053_2
		fill in the blank c5f106f5604f053_4
Issuance	fill in the blank c5f106f5604f053_6
		fill in the blank c5f106f5604f053_8

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