The following events were experienced by Sequoia, Inc.: 1. Issued cumulative preferred stock for cash. 2. Issued

Question:

The following events were experienced by Sequoia, Inc.:

1. Issued cumulative preferred stock for cash.

2. Issued common stock for cash.

3. Issued noncumulative preferred stock for cash.

4. Paid cash to purchase treasury stock.

5. Sold treasury stock for an amount of cash that was more than the cost of the treasury stock.

6. Declared a cash dividend.
7. Declared a 2-for-1 stock split on the common stock.

8. Distributed a stock dividend.
9. Appropriated retained earnings.

10. Paid a cash dividend that was previously declared.

Required

Show the effect of each event on the elements of the financial statements using a horizontal statements mo d el like the following one. Use + for increase, - for decrease, and NA for not affected. In the Cash Flow column indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). The first transaction is entered as an example.

The following events were experienced by Sequoia, Inc.:
1. Issued cumulative

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