I need help double checking my homework. Please provide the answers to the following problem. Thank you.

a. Indicate on the blanks below the effect (I = increase, D = decrease, NE = no effect) of the journal entry to

record the declaration of a common stock dividend on each of the items listed.

b. Indicate on the blanks below the effect (I = increase, D = decrease, NE = no effect) of the journal entry to

record the distribution of a (previously declared and recorded) common stock dividend on each of the items

listed.

a. b.

1. Assets

2. Balance of Common Stock account _____

3. Total contributed capital

4. Total retained earnings

5. Total stockholders equity ____

6. Par value per share

7. Total number of shares outstanding ____