Question: Please show all calculations. If using Excel, please show formulas and data. Practice question 10: Show the effects of these transactions on the balance sheet

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

Practice question 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:

part a: 12% stock dividend

part b: repurchased 1,000 shares

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