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Assume Dessert Destination of Montana, Inc., completed the following transactions during 2006, the company's 5th year of operations (Click the soon to view the transactions)
Assume Dessert Destination of Montana, Inc., completed the following transactions during 2006, the company's 5th year of operations (Click the soon to view the transactions) Requirement Next question 1. Analyze each transaction in terms of its effect on the accounting equation of Dessert Destination of Montana, Inc. (Use penness or a minus sign to show a decrease era for any portion of the accounting egation affected by each transaction) Fe 3 A Shaholding Liebe . Equity . Mar 19 For 24 . Aug 15 . . Sep Nov. 22 Data table Feb. Mar. Apr. Aug. Sep. Nov. 3 Issued 15,000 ordinary shares ($1.00 par) for cash of $445,000. 19 Purchased 2,600 shares of the company's own ordinary share at $25 per share. 24 Sold 1,300 shares of treasury share - ordinary for $33 per share. 15 Declared a cash dividend on the 18,500 shares of $0.40 no-par preference shares. 1 Paid the cash dividends. 22 Distributed an 8% share dividend on the 92,000 shares of $1.00 par ordinary share outstanding. The market value of the ordinary share was $27 per share. Print Done
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