Hortel,Inc $\begin{array}{l}&&&&&&&Additional\\&&&&&Common &&paid-in &&Retained &&Dividends\\&&&&&stock &&capital &&earnings &&payable &Cash\\\end{array}$ 1Hortel Issued 2,500
Shares Above Par for Cash

question 39

Essay

Hortel,Inc.,had the following transactions during 2X03,its first year of operations.For each transaction,determine the effect each transaction had on the various stockholders' equity accounts by placing a plus sign (+),a minus sign (-),or an X in each column.
$\begin{array}{l}&&&&&&&Additional\\&&&&&Common &&paid-in &&Retained &&Dividends\\&&&&&stock &&capital &&earnings &&payable &Cash\\\end{array}$
1.Hortel issued 2,500
shares above par for cash.
2.Hortel declared dividends
3.The date of record for
dividends
4.Hortel paid dividends
5.Hortel authorized 800
additional shares

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Definitions:

Tarsals

A group of seven bones in the foot situated between the lower leg bones (tibia and fibula) and the metatarsal bones, playing a key role in the structure and function of the foot.

Axial Skeleton

The part of the skeleton that consists of the bones of the head and trunk of a vertebrate.

Appendicular Skeleton

Part of the skeleton that includes the bones of the limbs and the pectoral and pelvic girdles, facilitating movement.

Cavitiy

A hollow space within the body or one of its organs; however, the correct spelling is "cavity."