Ans:
Date |
Accounts titles and Explanation |
Debit ($) |
Credit ($) |
Jan.8 |
No Entry |
||
April 30 |
Dividends |
50,030 |
|
Dividends Payable [(19,000*$0.65)+(157,000*$0.24)] |
50,030 |
||
July 1 |
Dividends Payable |
50,030 |
|
Cash |
50,030 |
||
Oct.31 |
Dividends |
29,620 |
|
Dividends Payable [(19,000*$0.65)+(157,000*$0.11)] |
29,620 |
||
Stock Dividends (157,000*3%*$52) |
244,920 |
||
Common Stock Dividend Distributable (157,000*3%*$40) |
188,400 |
||
Paid in capital in excess of par |
56,520 |
||
Dec.31 |
Dividends Payable |
29,620 |
|
Cash |
29,620 |
||
Common Stock Dividend distributable |
188,400 |
||
Common Stock |
188,400 |
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...
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...
journalize the transactions Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows Jan. 8 Spit the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the sple, there were 150,000 common shares outstanding Apr 30 Jul. Oct. 1 31 Declared semiannual dividends of $0.75 on 18,000 shares of preferred stock and $0.28 on the common stock payable on July 1. Paid the cash dividends Declared semiannual...
There should be 13 Journal entries Instructions Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Split the common stock 2 for 1 and reduced the par from S80 to $40 per share. After the split, there were 150,000 common shares outstanding. Declared semiannual dividends of $0.75 on 18,000 shares of preferred stock and $0.28 on the common stock payable on July 1 Jan. 8 Apr 30 Jul. 1 Paid the cash dividends...
ructions ected 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. Declared semiannual dividends of $0.65 on 19,000 shares of preferred stock and $0.24 on the common 30 stock payable on July 1. Paid the cash dividends. Jul. Oct Declared semiannual dividends of $0.65 on...
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 2 for 1 and reduced the par from $56 to $28 per share. After the split, there were 120,000...
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 129,000 common shares outstanding. Jan....
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 $54 to $18 per share. After the split, there were 114,000...
resource from Cengage Learning 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 bank Jan. 8. Split the common stock 2 for 1 and reduced the par from $36 to $18 per share. After the...
Calcuno 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 e Jan. 8. Split the common stock 3 for 1 and reduced the par from $54 to $18 per share. After the split, there were 75,000 common shares...