1 Present the entries to record the following :

a) Issued 1,000 shares of $15 par common stock at $52 for cash

b) Issued 1,400 shares of common stock in exchange for equipment with a fair market price of $21,000

c) Purchased 100 shares of treasury stock at $25

d) Sold 100 shares of treasury stock at $28

2 Indicate whether the following actions would (+), (-) or (0) not affect a company's total assets, liabilities and stockholders' equity

1) Declaring a cash dividend

2) Paying the cash dividend declared in (1)

3) Declaring a stock dividend

4) Issuing stock certificates for the stock dividend declared in (3)

3 A corporation, which had 15,000 shares of common stock outstanding, declared a 3 for 1 stock split

a) What will the number of shares outstanding after the split?

b) If the common stock had a market price of $240 per share before the stock split, what would be an apporxiate market price per share after the split?

c) Journalize the entry to record the split: