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

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Journalize the following transactions of Cathcart Video Productions Inc.: April 19 Issued 2,000 common shares at $10 per share. July 22 Declared and paid a cash dividend of $0.60 per common share (16,000 common shares outstanding). Nov 11 Issued 1,400 common shares at $12 per share. What was the overall effect of these transactions on Cathcart's shareholders' equity? Begin with journalizing the April 19th transaction. Issued 2,000 common shares at $10 per share. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Apr 19 Date July 22 Date Nov Accounts Next, journalize the July 22nd transaction. Declared and paid a cash dividend of $0.60 per common share (16,000 common shares outstanding). Journal Entry 11 Accounts Debit Accounts Credit Debit Finally, make the journal entry for November 11th. Issued 1,400 common shares at $12 per share. Journal Entry Credit Debit What was the overall effect of these transactions on Cathcart's shareholders' equity? The total effect on Cathcart's shareholders' equity was $ Credit Journalize the following transactions of Cathcart Video Productions Inc.: April 19 Issued 2,000 common shares at $10 per share. July 22 Declared and paid a cash dividend of $0.60 per common share (16,000 common shares outstanding). Nov 11 Issued 1,400 common shares at $12 per share. What was the overall effect of these transactions on Cathcart's shareholders' equity? Begin with journalizing the April 19th transaction. Issued 2,000 common shares at $10 per share. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Apr 19 Date July 22 Date Nov Accounts Next, journalize the July 22nd transaction. Declared and paid a cash dividend of $0.60 per common share (16,000 common shares outstanding). Journal Entry 11 Accounts Debit Accounts Credit Debit Finally, make the journal entry for November 11th. Issued 1,400 common shares at $12 per share. Journal Entry Credit Debit What was the overall effect of these transactions on Cathcart's shareholders' equity? The total effect on Cathcart's shareholders' equity was $ Credit

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Answer here are the journal entries Journal Entry for April 1... View the full answer