Question: Indicate the effect (increase/decrease AND the dollar amount) of the following transactions on each of the account types below. If there is no effect on
Indicate the effect (increase/decrease AND the dollar amount) of the following transactions on each of the account types below. If there is no effect on an account type, write no change in the corresponding cell. (See example.) Dino Co organized their company on 1/1/20X1 and is authorized to issue 2,000,000 shares of $8 par value common stock. The transactions Sco below occurred in 20X1 2p0o,000 X8 Common Stock APIC Retained Earnings Treasury Stock Example: Earned $500,000 in Net Income in the first year of operations, No change No change Increase $500,000 No change +500,000 Increase increase +2 1/1/20X1: Issued 300,000 shares of common stock at $17 per share. 2400,000 2,700,000 No change No Change 5,100,000 Increase 4/9/20x1: Purchased 20,000 shares of their own stock on the market for $20 per share. +2 400,000 No change No change No charge 400,000 Increase Increase -7/5/20X1: Resold 10,000 shares of treasury stock for $22 per share. 80,000 20,000 Decrease Wo change (200,000) -100,000 (Decrease (435,000) No Change -435,000 L Soon t2 9/2/20X1: Paid cash dividends of $1.50 on each share of utstanding stock No Effect No Effect 3,450,000 2,720,000 200,000 tal Stockholders Equity at 12/31/20X1: 15,065,000
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