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Transaction Analysis. For each of the following transactions below, analyze the effect of the transaction on the account balances indicated. For each blank, indicate I (for increase), D (for decrease) or NE (for no effect)
1. Issue of common stock for more than par value.
2. Reissue of treasury stock for more than its cost.
3. Declaration of a cash dividend
4. Declaration of a 100% stock dividend.
5. Distribution of a 100% stock dividend previously declared.
6. Declaration and distribution of a 2 for 1 stock split.
Assets Liab SH Equity Paid In Cap Retained Ear Net Income
1. ______ ______ ______ ______ ______ ______
2. ______ ______ ______ ______ ______ ______
3. ______ ______ ______ ______ ______ ______
4. ______ ______ ______ ______ ______ ______
5. ______ ______ ______ ______ ______ ______
6. ______ ______ ______ ______ ______ ______
Expert Answer
| Assets | Liabilities | Stockholders equity | Paid in capital | Retained earnings | Net income | |
| 1 | Increase (Cash account) | NE | Increase | Increase | NE | NE |
| 2 | Increase (Cash account) | NE | Increase | Increase (Additional paid in capital increase) | NE | NE |
| 3 | NE | Increase (Dividend payable) | Decrease | NE | Decrease | NE |
| 4 | NE | Increase (Dividend payable) | Decrease | NE | Decrease | NE |
| 5 | NE | Decrease (Dividend payable) | Increase | Increase | NE | NE |
| 6 | NE | NE | NE | NE | NE | NE |
