- 10 Quiz Assume Dessert Destination, Inc., completed the following transactions during 2021, the company's 10th year of operations: (Click the icon to view the transactions.) Requirements 1. Analyze each transaction in terms of its effect on the accounting equation of Dessert Destination. 2. What impact did each transaction have on cash flows? Feb 3 Mar 19 Apr 24 Aug 15 Sep 1 Nov 22 Requirements 1 and 2. Analyze each transaction in terms of its effect on the accounting equation of Dessert Destination. What impact did each transaction have on cash flows? (Use parentheses or a minus sign to show a decrease. Enter a "0" for any portion of the accounting equation not affected by each transaction.) Liabilities + Stockholders' Equity Assets = = = |||||||| Question 1 of 9 = + + Cash flows More info This question: 1 point(s) possible Feb 3 Mar 19 Apr 24 Aug 15 Sep 1 Nov 22 Issued 11,000 shares of common stock ($2.00 par) for cash of $330,000. Purchased 3,000 shares of the company's own common stock at $24 per share. Sold 2,500 shares of treasury common stock for $26 per share. Declared a cash dividend on the 12,000 shares of $0.50 no-par preferred stock. Paid the cash dividends. Declared and distributed a 5% stock dividend on the 91,000 shares of $2.00 par common stock outstanding. The market value of the common stock was $26 per share. Print Done X

Aswume Oesuent Destination, ine, completed the folowing trarsactions dumg 2021, the companys 100 year of operabions: (i) (Cick the icon lo view the wankactions) Requirements 1. Andyze each transaction in lemma of es effect on the sccourting Equabon of Dessort Destination. 2 What impact did each yansaction have on cash floss? Requirements 1 and 2. Aneyce each Fansacton in terms of is efect on the accounsing equason of Desset Destination. What ingact did each fransaction have on canh foes? (Use porentheses or a mhus More info Aequirements 2. Whar inged did each tanadion fave on cash fown? More info