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68 and 69 16 68. (1/2 point cash cell) Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders' equity. Use
68 and 69
16 68. (1/2 point cash cell) Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders' equity. Use () for increase. (D) for decrease, and (NE) for no effect Don't leave any cell blank Item Pald-in capital Additional Capital Paid in Stock capital Retained Earnings Issued par value preferred stock at par value for cash Issued par value common stock for cash at an amount greater than par value Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock Declared a cash dividend Paid the above cash dividend Declared a 10% stock dividend when the market value was higher than the par value Restricted $10,000 of retained earnings for plant expansion Purchased common stock treasury shares for cash - 59. (8 points - 1 point each) nstructions: Place a "D" (Debit) or "C" (Credit) in the space provided to indicate whether th ccount has a normal debit balance (D) or normal credit balance (C). 1. Prepaid Insurance 5. Unearned Service Revenue 2. Equipment 6. Retained Earnings 3. Allowance for Doubtful Accounts 7. Depreciation Expense 4. Treasury Stock 8. Accounts Payable Step by Step Solution
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