Question: Please show all calculations and formulas. If using Escel, please show data/formulas. practice 10: Show the effects of these transactions on the balance sheet equity

Please show all calculations and formulas. If using Escel, please show data/formulas.

practice 10:

Show the effects of these transactions on the balance sheet equity accounts. Presently the stock price is $20 per share. You started with: common stock ($1 par value) $10,000, capital surplus $100,000, retained earnings $200,000:

a. 12% stock dividend

b. repurchased 1,000 shares (repurchase price is PV of 20)

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