Altuve Co. was Incorporated on January 1, 2019, at which time 150,000 shares of $10 par value common stock were authorlzed, and 65,000 of these shares were Issued for $13 per share. Net Income for the year ended December 31,2019 , was $742,950. Altuve Co.'s board of directors declared dividends of $4 per share of common stock on December 31, 2019, payable on February 7,2020. Required: a. Use the horlzontal model to show the effects of the issuance of common stock on January 1, 2019. Indicate the financlal statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31 , 2019. Indicate the financlal statement effect. c. Use the horlzontal model to show the effects of the payment of dividends on February 7, 2020. Indicate the financlal statement effect. d. Record the journal entry for the following transactions: Complete this question by entering your answers in the tabs below. Altuve Co. Was incorporated on January 1, 2019, at which tlme 150,000 shares of $10 par value common stock were authorlzed, and 65,000 of these shares were Issued for $13 per share. Net Income for the year ended December 31,2019 , was $742,950. Altuve Co.'s board of directors declared divdends of $4 per share of common stock on December 31, 2019, payable on February 7, 2020. Requlred: a. Use the horlzontal model to show the effects of the issuance of common stock on January 1, 2019. Indicate the financlal statement effect. b. Use the horlzontal model to show the effects of the declaration of dlvidends on December 31, 2019. Indicate the financlal statement effect. c. Use the horizontal model to show the effects of the payment of dividends on February 7,2020 . Indicate the financlal statement effect. d. Record the journal entry for the following transactions: Complete this question by entering your answers in the tabs below. Altuve Co. was incorporated on January 1, 2019, at which time 150,000 shares of $10 par value common stock were authorized, and 65,000 of these shares were Issued for $13 per share. Net Income for the year ended December 31, 2019, was $742950. Altuve Co.'s board of directors declared divdends of $4 per share of common stock on December 31, 2019, payable on February 7, 2020. Required: a. Use the horlzontal model to show the effects of the Issuance of common stock on January 1, 2019. Indicate the financlal statement effect. b. Use the horlzontal model to show the effects of the declaration of dlvidends on December 31, 2019. Indicate the financlal statement effect. c. Use the horlzontal model to show the effects of the payment of dividends on February 7, 2020. Indicate the financlal statement effect. d. Record the journal entry for the following transactions: Complete this question by entering your answers in the tabs below. Altuve Co. was Incorporated on January 1, 2019, at which time 150,000 shares of $10 par value common stock were authorized, and 65,000 of these shares were Issued for $13 per share. Net Income for the year ended December 31 , 2019, was $742,950. Altuve Co.s board of directors declared divdends of $4 per share of common stock on December 31, 2019, payable on February 7, 2020. Required: a. Use the horizontal model to show the effects of the Issuance of common stock on January 1, 2019. Indicate the financlal statement effect. b. Use the horizontal model to show the effects of the declaration of dlvidends on December 31 , 2019. Indicate the financlal statement effect. c. Use the horlzontal model to show the effects of the payment of dividends on February 7, 2020. Indicate the financlal statement. effect. d. Record the journal entry for the following transactions: Complete this question by entering your answers in the tabs below. Record the joumal entry for the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: tnter aedits berore creaits
