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 $60 to $20 per share. After the split, there were 135,000 common shares outstanding. Jan. 8 No Entry Required fill in the blank adc27d014fd3f98_2 fill in the blank adc27d014fd3f98_3 No Entry Required fill in the blank adc27d014fd3f98_5 fill in the blank adc27d014fd3f98_6 Apr. 30. Declared semiannual dividends of $1.70 per share on 9,000 shares of preferred stock and $0.10 per share on the common stock payable on July 1. Apr. 30 Cash Dividends fill in the blank ad2a5afcefb4015_2 fill in the blank ad2a5afcefb4015_3 Cash Dividends Payable fill in the blank ad2a5afcefb4015_5 fill in the blank ad2a5afcefb4015_6 July 1. Paid the cash dividends. July 1 Cash Dividends Payable fill in the blank df3fcb094fc6f96_2 fill in the blank df3fcb094fc6f96_3 Cash fill in the blank df3fcb094fc6f96_5 fill in the blank df3fcb094fc6f96_6 Oct. 31. Declared semiannual dividends of $1.70 per share on the preferred stock and $0.08 per share on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36. Oct. 31 Cash Dividends fill in the blank 5d4d44f59071015_2 fill in the blank 5d4d44f59071015_3 Cash Dividends Payable fill in the blank 5d4d44f59071015_5 fill in the blank 5d4d44f59071015_6 Oct. 31 Stock Dividends fill in the blank 5d4d44f59071015_8 fill in the blank 5d4d44f59071015_9 Stock Dividends Distributable fill in the blank 5d4d44f59071015_11 fill in the blank 5d4d44f59071015_12 Paid-In Capital in Excess of Par-Common Stock fill in the blank 5d4d44f59071015_14 fill in the blank 5d4d44f59071015_15 Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Dec. 31 Cash Dividends Payable fill in the blank d41535fc5fe1f9c_2 fill in the blank d41535fc5fe1f9c_3 Cash fill in the blank d41535fc5fe1f9c_5 fill in the blank d41535fc5fe1f9c_6 Dec. 31 Stock Dividends Distributable fill in the blank d41535fc5fe1f9c_8 fill in the blank d41535fc5fe1f9c_9 Common Stock fill in the blank d41535fc5fe1f9c_11 fill in the blank d41535fc5fe1f9c_12

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 $60 to $20 per share. After the split, there were 135,000 common shares outstanding. Jan. 8 No Entry Required fill in the blank adc27d014fd3f98_2 fill in the blank adc27d014fd3f98_3 No Entry Required fill in the blank adc27d014fd3f98_5 fill in the blank adc27d014fd3f98_6 Apr. 30. Declared semiannual dividends of $1.70 per share on 9,000 shares of preferred stock and $0.10 per share on the common stock payable on July 1. Apr. 30 Cash Dividends fill in the blank ad2a5afcefb4015_2 fill in the blank ad2a5afcefb4015_3 Cash Dividends Payable fill in the blank ad2a5afcefb4015_5 fill in the blank ad2a5afcefb4015_6 July 1. Paid the cash dividends. July 1 Cash Dividends Payable fill in the blank df3fcb094fc6f96_2 fill in the blank df3fcb094fc6f96_3 Cash fill in the blank df3fcb094fc6f96_5 fill in the blank df3fcb094fc6f96_6 Oct. 31. Declared semiannual dividends of $1.70 per share on the preferred stock and $0.08 per share on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36. Oct. 31 Cash Dividends fill in the blank 5d4d44f59071015_2 fill in the blank 5d4d44f59071015_3 Cash Dividends Payable fill in the blank 5d4d44f59071015_5 fill in the blank 5d4d44f59071015_6 Oct. 31 Stock Dividends fill in the blank 5d4d44f59071015_8 fill in the blank 5d4d44f59071015_9 Stock Dividends Distributable fill in the blank 5d4d44f59071015_11 fill in the blank 5d4d44f59071015_12 Paid-In Capital in Excess of Par-Common Stock fill in the blank 5d4d44f59071015_14 fill in the blank 5d4d44f59071015_15 Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Dec. 31 Cash Dividends Payable fill in the blank d41535fc5fe1f9c_2 fill in the blank d41535fc5fe1f9c_3 Cash fill in the blank d41535fc5fe1f9c_5 fill in the blank d41535fc5fe1f9c_6 Dec. 31 Stock Dividends Distributable fill in the blank d41535fc5fe1f9c_8 fill in the blank d41535fc5fe1f9c_9 Common Stock fill in the blank d41535fc5fe1f9c_11 fill in the blank d41535fc5fe1f9c_12

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

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 $60 to $20 per share. After the split, there were 135,000 common shares outstanding.

Jan. 8	No Entry Required	fill in the blank adc27d014fd3f98_2	fill in the blank adc27d014fd3f98_3
	No Entry Required	fill in the blank adc27d014fd3f98_5	fill in the blank adc27d014fd3f98_6

Apr. 30. Declared semiannual dividends of $1.70 per share on 9,000 shares of preferred stock and $0.10 per share on the common stock payable on July 1.

Apr. 30	Cash Dividends	fill in the blank ad2a5afcefb4015_2	fill in the blank ad2a5afcefb4015_3
	Cash Dividends Payable	fill in the blank ad2a5afcefb4015_5	fill in the blank ad2a5afcefb4015_6

July 1. Paid the cash dividends.

July 1	Cash Dividends Payable	fill in the blank df3fcb094fc6f96_2	fill in the blank df3fcb094fc6f96_3
	Cash	fill in the blank df3fcb094fc6f96_5	fill in the blank df3fcb094fc6f96_6

Oct. 31. Declared semiannual dividends of $1.70 per share on the preferred stock and $0.08 per share on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36.

Oct. 31	Cash Dividends	fill in the blank 5d4d44f59071015_2	fill in the blank 5d4d44f59071015_3
	Cash Dividends Payable	fill in the blank 5d4d44f59071015_5	fill in the blank 5d4d44f59071015_6
Oct. 31	Stock Dividends	fill in the blank 5d4d44f59071015_8	fill in the blank 5d4d44f59071015_9
	Stock Dividends Distributable	fill in the blank 5d4d44f59071015_11	fill in the blank 5d4d44f59071015_12
	Paid-In Capital in Excess of Par-Common Stock	fill in the blank 5d4d44f59071015_14	fill in the blank 5d4d44f59071015_15

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

Dec. 31	Cash Dividends Payable	fill in the blank d41535fc5fe1f9c_2	fill in the blank d41535fc5fe1f9c_3
	Cash	fill in the blank d41535fc5fe1f9c_5	fill in the blank d41535fc5fe1f9c_6
Dec. 31	Stock Dividends Distributable	fill in the blank d41535fc5fe1f9c_8	fill in the blank d41535fc5fe1f9c_9
	Common Stock	fill in the blank d41535fc5fe1f9c_11	fill in the blank d41535fc5fe1f9c_12

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.