Hortel,Inc.,had the following transactions during 2X03,its first year of operations.For each transaction,determine the effect each transaction had on the various stockholders' equity accounts by placing a plus sign (+),a minus sign (-),or an X in each column.
$\begin{array}{l}
&&&&&&&Additional\
&&&&&Common &&paid-in &&Retained &&Dividends\
&&&&&stock &&capital &&earnings &&payable &Cash\
\end{array}$
1.Hortel issued 2,500
shares above par for cash.
2.Hortel declared dividends
3.The date of record for
dividends
4.Hortel paid dividends
5.Hortel authorized 800
additional shares

Question

Hortel,Inc.,had the following transactions during 2X03,its first year of operations.For each transaction,determine the effect each transaction had on the various stockholders' equity accounts by placing a plus sign (+),a minus sign (-),or an X in each column.
 $\begin{array}{l}
&&&&&&&Additional\
&&&&&Common &&paid-in &&Retained &&Dividends\
&&&&&stock &&capital &&earnings &&payable &Cash\
\end{array}$ 
1.Hortel issued 2,500 
shares above par for cash. 
2.Hortel declared dividends
3.The date of record for
dividends
4.Hortel paid dividends
5.Hortel authorized 800
 additional shares

Quizplus · Accepted Answer

The Answer of Hortel,Inc.,had the following transactions during 2X03,its first year of operations.For each transaction,determine the effect each transaction had on the various stockholders' equity accounts by placing a plus sign (+),a minus sign (-),or an X in each column.
 $\begin{array}{l}
&&&&&&&Additional\
&&&&&Common &&paid-in &&Retained &&Dividends\
&&&&&stock &&capital &&earnings &&payable &Cash\
\end{array}$ 
1.Hortel issued 2,500 
shares above par for cash. 
2.Hortel declared dividends
3.The date of record for
dividends
4.Hortel paid dividends
5.Hortel authorized 800
 additional shares