Question: Question 2) Assume Cookie Corner completed the following transactions during 20X6, the companys fifth year of operations: Requirement 1. Analyze each transaction in terms of

Question 2) Assume Cookie Corner completed the following transactions during 20X6, the companys fifth year of operations:


Requirement
1. Analyze each transaction in terms of its effect on the accounting equation of Cookie Corner of Wisconsin, Inc.

Question 2) Assume Cookie Corner completed the following transactions during 20X6,

Feb. 4 Mar. 20 Apr. 25 Aug. 17 Issued 14,000 shares (1.00 par) for cash of 360,000. Purchased 2,200 shares of the company's own ordinary share at 22 per share. Sold 900 shares of treasury shares-ordinary for 31 per share. Declared a cash dividend on the 15,000 shares of 0.80 no-par preference shares. Paid the cash dividends. Distributed a 5% share dividend on the 99,000 shares of 1.00 par ordinary share outstanding. The market value of the ordinary share was 23 per share. Sep. 4 Nov. 28

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