1 A B C D E F G H I 12 Points 2 Finic company has outstanding 50,000 shares of $120 par ordinary shares 3 which had been issued at $130 per share. Finic then entered into the following 4 transactions: 5 1 Issued 60,000 10% 5-year bonds a 102 6 2 Issued additional 5,000 shares at a price of $135 per share. 7 3 Purchased 2,500 treasury shares at a price of $127 per share. The board declared cash dividends at a rate of $1.40 per share. 9 5 Paid dividends declared in item 4 10 6 Recorded accrued interest on Note Payable amounted $15,000 11 7 Paid accrued interest on Note Payable recorded on step 6 12 8 Declared and distributed share split 2 for 1 13 9 The board declared a share dividends at a rate of $1.54 per share. 14 Required: Journalize the transactions and indicate the effect of each on the 15 financial statement categories listed in the Table below, assume the company 16 uses cost method: 1-increase, D - decrease; and NE-no effect 17 Follow the example provided for item #1 Account Titles Dr Assets Liabilities Equity Retain Earnin NE 19 1 Cash 61,200 NE 20 Bonds Payable 61,200 1. Your name and ID Question 1 Question 2 Question 3 Bonus Question 4