Journalize the following transactions of Concilio Video Productions Inc.: April 19 Issued 2,000 common shares at $10

Question:

Journalize the following transactions of Concilio Video Productions Inc.:

April 19 Issued 2,000 common shares at $10 per share.

July 22 Declared and paid a cash dividend of $0.50 per common share (21,000 common shares outstanding).

Nov. 11 Issued 800 common shares at $12 per share.

What was the overall effect of these transactions on Concilio's shareholders' equity?

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...