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

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. 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

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