Selected Dividend Transactions, Stock SplitSelected 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. 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 $84 to $28 per share. After the split, there were 108,000 common shares outstanding.88Jan. 8Apr. 30. Declared semiannual dividends of $1.40 on 8,000 shares of preferred stock and $0.10 on the common stock payable on July 1.Apг. 30July 1. Paid the cash dividends.July 1Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.09 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on thecommon stock outstanding. The fair market value of the common stock is estimated at $50. 38July 1Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.09 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on thecommon stock outstanding. The fair market value of the common stock is estimated at $50.Cash dividendsStock dividends<>Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend.PaymentIssuance000000000000

The question is based on the concept of Financial 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, type "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 $84 to $28 per share. After the split, there were 108,000 common shares outstanding. 88 Jan. 8 Apr. 30. Declared semiannual dividends of $1.40 on 8,000 shares of preferred stock and $0.10 on the common stock payable on July 1. Apr. 30 00

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. 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 $84 to $28 per share. After the split, there were 108,000 common shares outstanding. 88 Jan. 8 Apr. 30. Declared semiannual dividends of $1.40 on 8,000 shares of preferred stock and $0.10 on the common stock payable on July 1. Apr. 30 00

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 9SPB: CASH DIVIDENDS, STOCK DIVIDEND, AND STOCK SPLIT During the year ended December 31, 20--, Baggio...

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