d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Record the joumal entry for these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account. field. Journal entry worksheet The issuance of common stock on January 1, 2 YY2 2. Note: Enter debits before credits. d. Record the journal entry for these transactions Complete this question by entering your answers in the tabs below. Record the joumal entry for these transactions Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet The payment of dividends on January 24, 2023. Note: Enter dobits beforx crvita. Altuve Company was incorporated on January 1,2022, at which time 500,000 shares of $10 par value common stock were authorized, and 210,000 of these shares were issued for $17 per share. Net income for the year ended December 31, 2022, was $2,400,300. Altuve Company's board of directors declared dividends of $2 per share of common stock on December 31,2022 , payable on January 24, 2023. Required: a. Use the horizontal model to whow 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 manus sign to indicate a negative financial statement effect. d. Record the joumal 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. Journal entry worksheet 3 The deciaration of dividends on December 31, 2022. Note: Enter debits before credits. Atuve Compary was incorpotated on January 1,2022, at which time 500.000 shares of 510 pae value common stock were authocized. and 230.000 of these shares were issued for 517 per share. Net income for the vear endea Detember 31.2027 , was $2.400300 Ahive Compary's board of directors declared dividends of 52 per share of common stock on December 31,2022 , poybble on Janosy. 24,2023 . Required: a, Use the horizontoi model to show the effects of the hasuance of common stock on lanusiy 1,2022 . indicate the financial statemern errect. b. Use the hortrontal model to show the eflects of the deciaration of dividends on December a1.2022. Indicate the finuncial statement effect. c. Use, the horizontal moder to show the effects of the parmert of dividends on January 24,2023 , Indicete the financinl stanemen: effect. d. Pecord the journal entry for these transactions Complete thes question by entering your answers in the tabs below. Aluve Company whs incorperased on January t. 2022, at which time 500,000 shares of $ wo par volue common stock were auchorized. 24,2023 Required: a. Use the hocizorial model to show the effects of the issuance of common stock on January 1,2022. Indicate the financinl statement effoct: effect. iffect. d. Pecord the joumal entry for these transactions. Cemplete this question by enterine vour answers in the tabs below
