Assume Cookie Corner of Wisconsin, Inc., completed the following transactions during 2010, the companys 10th year of

Question:

Assume Cookie Corner of Wisconsin, Inc., completed the following transactions during 2010, the company’s 10th year of operations:
Feb 4 Issued 14,000 shares of company stock ($1.00 par) for cash of $350,000.
Mar 20 Purchased 2,200 shares of the company s own at $21 per share.
Apr 25 Sold 900 shares of treasury stock for $30 per share.
Aug 17 Declared a cash on the 14,000 shares of $0.80 no-par preferred stock.
Sep 4 Paid the cash dividends.
Nov 28 Distributed a 5% stock on the 99,000 shares of $1.00 par outstanding. The market value of the was $22 per share.

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

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...