*****Each effect option is either "decrease", "increase", "no effect".*******

Exercise 15-11 The following are selected transactions that may affect stockholders' equity 1. Recorded accrued interest earned on a note receivable. 2. Declared a cash dividend. 3. Declared and distributed a stock split 4. Approved a retained earnings restriction. 5. Recorded the expiration of insurance coverage that was previously recorded as prepaid insurance. 6. Paid the cash dividend declared in item 2 above. 7. Recorded accrued interest expense on a note payable. 8. Declared a stock dividend 9. Distributed the stock dividend declared in item 8 In the following table, indicate the effect each of the nine transactions has on the financial statement elements listed. Stockholders Paid-in Retained Earnings Net Income Item Assets Liabilities Equity Capital 1. 2. 3. 4 5. 6. 7 8. 9