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. For a compound transaction, 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 132,000 common shares outstanding. Jan. 8   fill in the blank f4422b022ff2f8b_2         fill in the blank f4422b022ff2f8b_4 Apr. 30.  Declared semiannual dividends of $1.6 on 9,000 shares of preferred stock and $0.06 on the common stock payable on July 1. Apr. 30   fill in the blank c933f1032f9dfde_2         fill in the blank c933f1032f9dfde_4 July 1.  Paid the cash dividends. July 1   fill in the blank 9ea478f92042036_2         fill in the blank 9ea478f92042036_4 Oct. 31.  Declared semiannual dividends of $1.6 on the preferred stock and $0.05 on the common stock (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 $36. Cash Dividends   fill in the blank bc2ec6fe504cfb8_2         fill in the blank bc2ec6fe504cfb8_4 Stock dividends   fill in the blank bc2ec6fe504cfb8_6 fill in the blank bc2ec6fe504cfb8_7     fill in the blank bc2ec6fe504cfb8_9 fill in the blank bc2ec6fe504cfb8_10     fill in the blank bc2ec6fe504cfb8_12 fill in the blank bc2ec6fe504cfb8_13 Dec. 31.  Paid the cash dividends and issued the certificates for the common stock dividend. Payment   fill in the blank ecb7cbf6004cfa5_2         fill in the blank ecb7cbf6004cfa5_4 Issuance   fill in the blank ecb7cbf6004cfa5_6         fill in the blank ecb7cbf6004cfa5_8

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. 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. For a compound transaction, 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 132,000 common shares outstanding.

    Jan. 8   fill in the blank f4422b022ff2f8b_2  
          fill in the blank f4422b022ff2f8b_4

    Apr. 30.  Declared semiannual dividends of $1.6 on 9,000 shares of preferred stock and $0.06 on the common stock payable on July 1.

    Apr. 30   fill in the blank c933f1032f9dfde_2  
          fill in the blank c933f1032f9dfde_4

    July 1.  Paid the cash dividends.

    July 1   fill in the blank 9ea478f92042036_2  
          fill in the blank 9ea478f92042036_4

    Oct. 31.  Declared semiannual dividends of $1.6 on the preferred stock and $0.05 on the common stock (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 $36.

    Cash Dividends   fill in the blank bc2ec6fe504cfb8_2  
          fill in the blank bc2ec6fe504cfb8_4
    Stock dividends   fill in the blank bc2ec6fe504cfb8_6 fill in the blank bc2ec6fe504cfb8_7
        fill in the blank bc2ec6fe504cfb8_9 fill in the blank bc2ec6fe504cfb8_10
        fill in the blank bc2ec6fe504cfb8_12 fill in the blank bc2ec6fe504cfb8_13

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

    Payment   fill in the blank ecb7cbf6004cfa5_2  
          fill in the blank ecb7cbf6004cfa5_4
    Issuance   fill in the blank ecb7cbf6004cfa5_6  
          fill in the blank ecb7cbf6004cfa5_8
  2.  
 
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