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A Corporation Had Several Transactions Affecting Its Stockholders' Equity Accounts

Question 170

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A corporation had several transactions affecting its stockholders' equity accounts during the year.The transactions are presented in chronological order.In the space provided,indicate the impact on the equity accounts shown by placing the respective dollar amounts along with a plus sign (+)for an increase in the account balance,minus sign (-)for a decrease,or N/A if there is no impact on the account balance.
 Paid-in  Comunon  Capital in  Retained  Transactions:  Stack  Excess of Par  Earuings  Received authorization to issue 10,000 shares of $ 2 par common stock  Issued 500 shares of common stock for $ 15 per share Issued 400 shares of common stock for $ 16 per share  Declared and paid a 10 % stock dividend when the market price of the  common stock was $ 17 per share  Declared and paid a cash dividend of $ 0.50 per share  Issued additional shares in a 2-for-1 stock split \begin{array}{|l|l|l|l|}\hline&&\text { Paid-in }\\\hline &\text { Comunon } & \text { Capital in } & \text { Retained } \\\hline \text { Transactions: }&\text { Stack } & \text { Excess of Par } & \text { Earuings } \\\hline \text { Received authorization to issue 10,000 shares of \$ 2 par common stock }\\\hline \text { Issued 500 shares of common stock for \$ 15 per share }\\\hline \text {Issued 400 shares of common stock for \$ 16 per share }\\\hline \text { Declared and paid a 10 \% stock dividend when the market price of the }\\ \text { common stock was \$ 17 per share }\\\hline \text { Declared and paid a cash dividend of \$ 0.50 per share }\\\hline \text { Issued additional shares in a 2-for-1 stock split }\\\hline\end{array}

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