Below are various transactions O'Malley Inc. had occur during the year For each transaction, indicate the transaction's effect on the company's accounting equation by selecting either increase, decrease, or no effect for each area of the accounting equation. Do not leave any of the fields below blank INote If the transaction were to cause an increase and decrease to the same area of the accounting equation, no effect should be chosen as the overall effect to that areal A. On Sept 1, issued shares of common stock for an amount greater than its par value. B. On Sept 20, declared a dividend of $25,000 to be paid on October 31 C On October 31, paid the dividend previously declared on Sept 20 D. On November 1, purchased 8,000 shares of treasury stock for $50 per share E. On December 15, declared a 3-for-1 stock split Assets Liabilities Stockholders' Equity A B. C. D E A. On Sept 1, issued shares of common stock for an amount greater than its par value. B. On Sept 20, declared a dividend of $25,000 to be paid on October 31. C. On October 31, paid the dividend previously declared on Sept 20. D. On November 1, purchased 8,000 shares of treasury stock for $50 per share. E. On December 15, declared a 3-for-1 stock split Stockholders' Equity Assets Liabilities A. . increase C. decrease D. no effect . 4 4 4 4