Question

Selected Dividend Transactions, Stock Split Selected transactions completed by Canyon Ferry Boating Corporation during the current...

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 2 for 1 and reduced the par from $40 to $20 per share. After the split, there were 126,000 common shares outstanding.

Jan. 8

Apr. 30. Declared semiannual dividends of $1.40 per share on 9,000 shares of preferred stock and $0.14 per share on the common stock payable on July 1.

Apr. 30

July 1. Paid the cash dividends.

July 1

Oct. 31. Declared semiannual dividends of $1.40 per share on the preferred stock and $0.13 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
Oct. 31

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

Dec. 31
Dec. 31
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Selected Dividend Transactions, Stock Split Selected transactions completed by Canyon Ferry Boating Corporation during the current...
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 $72 to $24 per share. After the split, there were 72,000...
Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows:...
Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8 Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 123,000 common shares outstanding. Apr. 30 Declared semiannual dividends of $0.80 on 16,500 shares of preferred stock and $0.27 on the common stock payable on July 1. Jul. 1 Paid the cash dividends. Oct. 31 Declared semiannual dividends of $0.80...
Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows:...
Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8 Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 157,000 common shares outstanding. Apr. 30 Declared semiannual dividends of $0.65 on 19,000 shares of preferred stock and $0.24 on the common stock payable on July 1. Jul. 1 Paid the cash dividends. Oct. 31 Declared semiannual dividends of $0.65...
Entries for Selected Corporate Transactions Selected transactions completed by ATV Discount Corporation during the current fiscal...
Entries for Selected Corporate Transactions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Instructions: Journalize the transactions. If no entry is required, select "No Entry Required" from the dropdown box and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 5. Split the common stock 5 for 1 and reduced the par from $100 to $20 per share. After the...
Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Instructions:...
Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Instructions: Journalize the transactions. If no entry is required, select "No Entry Required" from the dropdown box and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 5. Split the common stock 4 for 1 and reduced the par from $80 to $20 per share. After the split, there were 620,000 common...
Instructions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows:...
Instructions Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Jan. 5. Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,279,500 common shares outstanding. Mar. 10. Purchased 39,200 shares of the corporation’s own common stock at $27, recording the stock at cost. Apr. 30. Declared semiannual dividends of $0.90 on 75,000 shares of preferred stock and $0.15 on the common...
Prepare entries to record the following selected transactions completed during the current fiscal year: Feb. 1...
Prepare entries to record the following selected transactions completed during the current fiscal year: Feb. 1 The board of directors declared a stock split which reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 500,000. 11 Purchased 25,000 shares of the company's own stock at $44, recording the treasury stock at cost. May 1 Declared a dividend of $2.50 per share on the outstanding shares of common stock. 15 Paid...
Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Jan....
Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Jan. 5. Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,275,000 common shares outstanding. Mar. 10. Purchased 41,300 shares of the corporation’s own common stock at $29, recording the stock at cost. Apr. 30. Declared semiannual dividends of $0.75 on 70,400 shares of preferred stock and $0.11 on the common stock...
Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Jan....
Selected transactions completed by ATV Discount Corporation during the current fiscal year are as follows: Jan. 5. Split the common stock 3 for 1 and reduced the par from $75 to $25 per share. After the split, there were 1,092,000 common shares outstanding. Mar. 10. Purchased 39,500 shares of the corporation’s own common stock at $29, recording the stock at cost. Apr. 30. Declared semiannual dividends of $0.60 on 74,300 shares of preferred stock and $0.14 on the common stock...
ournalize the following selected transactions completed during the current fiscal year. Jan.   3 The board of...
ournalize the following selected transactions completed during the current fiscal year. Jan.   3 The board of directors declared a stock split that reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 400,000. 22    Declared a dividend of $1.75 per share on the outstanding shares of common stock. Feb.   8 Paid the dividend declared on January 22. Sept. 1 Declared a 5% stock dividend on the common stock outstanding (the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT