Pentel Accounting Company began in 2013 with 2,000,000 authorized and 450,000 issued and outstanding $7par common shares.

Question:

Pentel Accounting Company began in 2013 with 2,000,000 authorized and 450,000 issued and outstanding $7par common shares. During 2013, Pentel entered into the following transactions:
a. Declared a $0.25 per-share on April 6.
b. Paid the $0.25 per -share on April 6.
c. Repurchased 13,700 common shares for the treasury at a cost of $17 each on May 9.
d. Sold 4,600 unissued common shares for $29 per share on June 19..
e. Declared a $0.30 per-share cash on August 1.
f. Paid the $0.30 per -share on September 14.
g. Declared and paid a 20% stock on October 25 when the market price of the was $26 per share.
h. Declared a $0.50 per -share cash on November 20.
i. Paid the $0.50 per -share on December 20.
Required:
1. What is the total dollar amount of dividends (cash and stock) for the year? $140000
2. Conceptual Connection: Determine the effect on total assets and total stock holders' equity of these transactions.
Where there is no effect on total assets or total stockholders' equity, select" no effect".
If the transaction is not a transaction, select" not a transaction". Enter decreases in assets or equity as negative numbers. If a blank does not require an answer is zero, leave it blank or enter "0".

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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...