1. Show how each of the transactions would affect the accounting equation. Begin by entering the beginning balances of the shareholder accounts. Some of the account names will be abbreviated. Use parentheses or minus sign when entering component decreases or contra-account increases. If a transaction has no effect on the accounting equation, leave the equation blank.

a. Contributed capital on January 1, 2010, consisted of 90,000 issued and outstanding shares of common stock with par value of $2, addition paid-in capital in excess of par of $440,000, and retained earnings of $550,000.

b. During the first quarter of 2010, Electrotyping Company issued an additional 6,000 shares of common stock for $8 per share.

c. On July 15, the company declared a 2-for-1 stock split.

d. On October 15, the company declared and distributed a 9% stock dividend. The market price of the stock on that date was $9 per share.

e. On November 1, the cmopany declared a dividend of $0.80 per share to be paid on November 15. Record the entry for the declaration of dividends on November 1.

Record the entry for the payment of the dividends on November 15.

f. Near the end of the year, the company's CEO decided the company should buy 1,200 shares of its own stock. At that time, the stock was trading for $11 per share in the stock market.

Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal