Question

On the first day of the fiscal year, TH Construction, Inc., had 150,000 shares of $1.00 par common stock issued (at par) and outstanding, and the retained earnings balance was $275,000. Show each of the following transactions in the accounting equation:
1. Issued 10,000 additional shares of common stock for $5 per share
2. Declared and distributed a 10% stock dividend when the market price was $5 per share
3. Issued 20,000 additional shares of common stock for $7 per share
4. Declared a cash dividend on outstanding shares of $0.75 per share
5. Paid the dividend declared in item (4)
6. Purchased 8,000 shares of treasury stock for $9 per share
7. Sold 6,500 shares of treasury stock for $10 per share
8. Sold 1,400 shares of treasury stock for $8 per share
9. Declared 2-for-1 stock split



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  • CreatedSeptember 01, 2014
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