analyze the following transactions and indicate the dollar increase or decrease each 541401
E8-16A. Analyze effects of equity transactions on financial statements(.L O 1,2, 3,4, 5)
Analyze the following transactions and indicate the dollar increase(*) or decrease(-) each has on the balance sheet. If there is an overall change in shareholder’s equity also indicate whether contributed capital, retained earnings, or treasury stock is affected. If the transaction has no effect on the balance sheet, enter NA for that item. The first row is filled in for you as an example
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analyze the following transactions and indicate the dollar increase or decrease each 541401
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Shareholders Equity Sect ion |
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Assets |
Liabilities |
Equity |
Affected |
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issued 1,000 shares of $1 par |
Contributed |
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common stock at par |
+ 1,000 |
+ 1,000 |
capital |
|
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Issued 1,500 shares of $1 par |
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common stock for $14 |
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Declared a cash dividend |
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of $.25 per share |
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Paid the $.25 cash dividend |
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Purchased2 00 shares of |
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treasury stock for $17 per share |
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Sold 100 shares of treasury stock |
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for $17 per share |
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Distributed a 1070 common |
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stock dividend |
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Announced a 2-for-1 stock split |
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Issued 2,000 shares of $100 par, |
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47o noncumulative preferred stock |
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