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Given Below Are Several Transactions for Vision Inc

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Given below are several transactions for Vision Inc.In the space provided,indicate the impact on each of the stockholders' equity accounts given,by placing the dollar amount and either a plus sign (+)or a minus sign (-)in the box provided.For each account in which there is no effect,place an X in the box.
 Transaction  Common  Stock  Additional  Paid-In  Stock  Retained  Earnings  1.  Vision Inc. received authorization to issue 1,000 shares of $2 par value common stock.  2.  Vision Inc. issued 500 shares of common  stock for cash at $15 per share.  3.  Vision Inc. issued 200 shares in exchange  for a truck worth $3,000. 4.  Vision Inc. issued 100 shares of stock in  exchange for a patent. The patent had an  undeterminable market value. The stock was  selling for $14 per share. \begin{array} { | l| l | l | l | l | } \hline \begin{array} { l } \text { Transaction } \end{array} & \begin{array} { l } \text { Common } \\ \text { Stock }\end{array} & \begin{array} { l } \text { Additional } \\\text { Paid-In } \\\text { Stock }\end{array} & \begin{array} { l } \text { Retained } \\\text { Earnings }\end{array} \\\hline \text { 1. } \quad \begin{array} { l } \text { Vision Inc. received authorization to issue } \\1,000 \text { shares of } \$ 2 \text { par value common stock. }\end{array} & & & \\\hline \text { 2. } \quad \begin{array} { l } \text { Vision Inc. issued } 500 \text { shares of common } \\\text { stock for cash at } \$ 15 \text { per share. }\end{array} & & & \\\hline \text { 3. } \quad \begin{array} { l } \text { Vision Inc. issued } 200 \text { shares in exchange } \\\text { for a truck worth } \$ 3,000 .\end{array} & & & \\\hline \text { 4. } \begin{array} { l } \text { Vision Inc. issued } 100 \text { shares of stock in } \\\text { exchange for a patent. The patent had an } \\\text { undeterminable market value. The stock was } \\\text { selling for } \$ 14 \text { per share. }\end{array} & & & \\\hline\end{array}

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Definitions:

Certificate of Deposit

A savings certificate with a fixed maturity date, specified fixed interest rate, and can be issued in any denomination aside from minimum investment requirements.

Financial Intermediary

An institution that facilitates the channeling of funds between lenders and borrowers by intermediating between them.

Direct Transfer

A process where assets or funds are moved from one party directly to another without intermediaries.

Capital Market Security

Financial instruments like stocks and bonds that are traded in capital markets involving long-term investments.

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