Altuve Company was incorporated on January 1, 2022, at which time 400,000 shares of $10 par value common stock were authorized, and 170,000 of these shares were issued for $13 per share. Net income for the year ended December 31, 2022, was $1,943,100. Altuve Company's board of directors declared dividends of $3 per share of common stock on December 31, 2022, payable on January 24 , 2023. Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31 , 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24, 2023. Indicate the financial statement effect. d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Altuve Company was incorporated on January 1, 2022, at which time 400,000 shares of $10 par value common stock were authorized, and 170,000 of these shares were issued for $13 per share. Net income for the year ended December 31, 2022, was $1,943,100. Altuve Company's board of directors declared dividends of $3 per share of common stock on December 31, 2022, payable on January 24 , 2023. Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1,2022 . Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31,2022 . Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24, 2023. Indicate the financial statement effect. d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Altuve Company was incorporated on January 1,2022 , at which time 400,000 shares of $10 par value common stock were authorized, and 170,000 of these shares were issued for $13 per share. Net income for the year ended December 31, 2022, was $1,943,100. Altuve Company's board of directors declared dividends of $3 per share of common stock on December 31, 2022, payable on January 24 , 2023. Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1,2022 . Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31 , 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24, 2023. Indicate the financial statement effect. d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of the payment of dividends on January 24, 2023. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Altuve Company was incorporated on January 1, 2022, at which time 400,000 shares of $10 par value common stock were authorized, and 170,000 of these shares were issued for $13 per share. Net income for the year ended December 31, 2022, was $1,943,100. Altuve Company's board of directors declared dividends of $3 per share of common stock on December 31,2022 , payable on January 24 , 2023. Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31 , 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24,2023 . Indicate the financial statement effect. d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Record the journal entry for these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Altuve Company was incorporated on January 1,2022 , at which time 400,000 shares of $10 par value common stock were authorized, and 170,000 of these shares were issued for $13 per share. Net income for the year ended December 31, 2022, was $1,943,100. Altuve Company's board of directors declared dividends of $3 per share of common stock on December 31, 2022, payable on January 24 , 2023. Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24,2023 . Indicate the financial statement effect. d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Record the journal entry for these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Altuve Company was incorporated on January 1,2022 , at which time 400,000 shares of $10 par value common stock were authorized, and 170,000 of these shares were issued for $13 per share. Net income for the year ended December 31, 2022, was $1,943,100. Altuve Company's board of directors declared dividends of $3 per share of common stock on December 31, 2022, payable on January 24 , 2023. Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31 , 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24,2023 . Indicate the financial statement effect. d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Record the journal entry for these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Tournal antry ingrlehad Required information [The following information applies to the questions displayed below.] On April 10, 2022, Amelia Incorporated purchased 250 shares of its own common stock in the market for $14 per share. On September 28,2022 , the company sold 150 of these shares in the open market at a price of $17 per share. Record the journal entry to show the effects on Amelia Incorporated's financial statements for the following transactions: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required information [The following information applies to the questions displayed below.] On April 10, 2022, Amelia Incorporated purchased 250 shares of its own common stock in the market for $14 per share. On September 28,2022 , the company sold 150 of these shares in the open market at a price of $17 per share. ecord the journal entry to show the effects on Amelia Incorporated's financial statements for the following transactions: ote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the sale of the treasury stock on September 28,2022. Note: Enter debits before credits