Selected Dividend Transactions, Stock Split Selected transactions completed by Canyon Ferry Boating Corporation during the...
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Accounting
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, 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 $48 to $16 per share. After the split, there were 75,000 common shares outstanding.
Jan. 8. | No entry required | fill in the blank 42682005efed050_2 | |
No entry required | fill in the blank 42682005efed050_4 |
Apr. 30. Declared semiannual dividends of $1.10 on 5,000 shares of preferred stockand $0.08 on the common stock payable on July 1.
Apr. 30. | fill in the blank 353428ff9009ffc_2 | ||
fill in the blank 353428ff9009ffc_4 |
July 1. Paid the cash dividends.
July 1. | fill in the blank 27bab205400bfcd_2 | ||
fill in the blank 27bab205400bfcd_4 |
Oct. 31. Declared semiannual dividends of $1.10 on the preferred stock and $0.06 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 $29.
Cash Dividends | fill in the blank ca148b02d009f80_2 | ||
fill in the blank ca148b02d009f80_4 | |||
Stock dividends | fill in the blank ca148b02d009f80_6 | fill in the blank ca148b02d009f80_7 | |
fill in the blank ca148b02d009f80_9 | fill in the blank ca148b02d009f80_10 | ||
fill in the blank ca148b02d009f80_12 | fill in the blank ca148b02d009f80_13 |
Dec. 15. Paid the cash dividends and issued the certificates for the common stock dividend.
Payment | fill in the blank f1964d033066004_2 | ||
fill in the blank f1964d033066004_4 | |||
Issuance | fill in the blank f1964d033066004_6 | ||
fill in the blank f1964d033066004_8 |
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