A Corporation Had Several Transactions Affecting Its Stockholders' Equity Accounts

question 65

Essay

A corporation had several transactions affecting its stockholders' equity accounts during the year.The transactions are presented in chronological order.In the space provided,indicate the impact on the equity accounts shown by placing the respective dollar amounts along with a plus sign (+)for an increase in the account balance,minus sign (-)for a decrease,or N/A if there is no impact on the account balance.
$\begin{array}{|l|l|l|l|}\hline&&\text { Paid-in }\\\hline &\text { Comunon } & \text { Capital in } & \text { Retained } \\\hline \text { Transactions: }&\text { Stack } & \text { Excess of Par } & \text { Earuings } \\\hline \text { Received authorization to issue 10,000 shares of \$ 2 par common stock }\\\hline \text { Issued 500 shares of common stock for \$ 15 per share }\\\hline \text {Issued 400 shares of common stock for \$ 16 per share }\\\hline \text { Declared and paid a 10 \% stock dividend when the market price of the }\\ \text { common stock was \$ 17 per share }\\\hline \text { Declared and paid a cash dividend of \$ 0.50 per share }\\\hline \text { Issued additional shares in a 2-for-1 stock split }\\\hline\end{array}$

---

Definitions:

Presentations

Visual and often interactive displays of information, typically using slideshow software, designed to inform, persuade, or educate an audience.

Solid Fill

A graphic design term for filling a shape or text with a single, uniform color.

Picture Style

A feature in document and presentation creation software that allows users to apply a variety of predefined effects to photos and images.

Picture Effect

Visual modifications applied to images, such as shadows, glows, or artistic filters, to enhance their appearance.