Cones Inc. of Baie-Comeau completed the following transactions during 2014, the company's 10th year of operations: Feb.

Question:

Cones Inc. of Baie-Comeau completed the following transactions during 2014, the company's 10th year of operations:
Feb. 2 Issued 10,000 common shares for cash of $250,000.
Apr. 22 Sold 700 common shares for $26 per share.
Aug. 6 Declared a cash on the 10,000 $0.60 preferred shares.
Sept. 1 Paid the cash dividends.
Nov. 18 Distributed a 10% stock on the 30,000 common shares outstanding. The market value of the common shares was $25 per share.
Requirement
Analyze each transaction in terms of its effect (in dollars) on the accounting equation of Cones Inc.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...