Question: Analyze the following transactions and indicate the dollar increase (+) or decrease () each has on the balance sheet. If there is an overall change
Analyze the following transactions and indicate the dollar increase (+) or decrease (–) each has on the balance sheet. If there is an overall change in shareholders’ equity, also indicate whether contributed capital, retained earnings, or treasury stock is affected. If the transaction has no effect on the balance sheet, enter NA for that item. The first row is filled in for you as anexample.
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Assets Liabilities Shareholders' Equity Section Equity Affected Contributed capital Issued 1,000 shares of $1 par common stock at par Issued 1,500 shares of $1 par common stock for $14 Declared a cash dividend of $0.25 per share Paid the $0.25 cash dividend Purchased 200 shares of treasury stock for $17 per share Sold 100 shares of treasury stock for $17 per share Declared and distributed a 10% common stock dividend (when the market price was $17 per share) Announced a 2-for-1 stock spli Issued 2,000 shares of $100 par, 4% noncumulative preferred stock +1,000 +1,000
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