Given Below Are Several Transactions for Vision Inc

question 37

Essay

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.
$$\begin{array} { | l| l | l | l | l | } \hline \begin{array} { l } \text { Transaction } \end{array} & \begin{array} { l } \text { Common } \\ \text { Stock }\end{array} & \begin{array} { l } \text { Additional } \\\text { Paid-In } \\\text { Stock }\end{array} & \begin{array} { l } \text { Retained } \\\text { Earnings }\end{array} \\\hline \text { 1. } \quad \begin{array} { l } \text { Vision Inc. received authorization to issue } \\1,000 \text { shares of } \$ 2 \text { par value common stock. }\end{array} & & & \\\hline \text { 2. } \quad \begin{array} { l } \text { Vision Inc. issued } 500 \text { shares of common } \\\text { stock for cash at } \$ 15 \text { per share. }\end{array} & & & \\\hline \text { 3. } \quad \begin{array} { l } \text { Vision Inc. issued } 200 \text { shares in exchange } \\\text { for a truck worth } \$ 3,000 .\end{array} & & & \\\hline \text { 4. } \begin{array} { l } \text { Vision Inc. issued } 100 \text { shares of stock in } \\\text { exchange for a patent. The patent had an } \\\text { undeterminable market value. The stock was } \\\text { selling for } \$ 14 \text { per share. }\end{array} & & & \\\hline\end{array}$$

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Definitions:

Heart Disease

A broad term for a range of diseases affecting the heart and blood vessels, including coronary artery disease, heart rhythm problems, and heart defects.

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, posing significant health risks.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including conditions such as hypertension, coronary artery disease, and heart failure.

Stroke

A medical condition resulting from a disruption in blood flow to a part of the brain, leading to tissue damage and potentially affecting physical and cognitive functions.