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please help Required information Problem 10-2B (Algo) Record equity transactions and indicate the effect on the balance sheet equation (LO10-2, 10-3, 10-4, 10-5) The following
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Required information Problem 10-2B (Algo) Record equity transactions and indicate the effect on the balance sheet equation (LO10-2, 10-3, 10-4, 10-5) The following information applies to the questions dispiayed below] Noutical has two classes of stock outhorized: $10 paf preferred, and $1 par value common. As of the beginning of 2024. 150 shares of peeferred stock and 1600 shares of common stock have been issued. The following transictions affect stockholders' equily during 2024 March 1 Insue 1,680 additional stares of cennon steck for 110 per seare. April 1 Issue 150 additioeal shares of preterted stock for $26 per share. Jube 1 Dectare a cast dividend on both ceterted and preferred stock of $0.70 per share to all stockholders June 3 o pecord on June is. Jube it pay the cash divioends dectared on June 1. Deteber I Relssue 150 stares of treasury stock purchased on August 1 for 318 per share. Nauticel has the following beginning belances in its stockholders' equily occounts on January 1, 2024: Preferred Stock, $1,500; Common $ tock, $1,600; Additonal Paid in Capital, $18100; and Retained Earnings, 510.100 . Net income for the year ended December 31,2024 , is $6,950 Problem 10-28 (Algo) Prt 2 2. Select whether each of the followng transactions increases (+) or decreases ( () total assets, total biabillies, and total stockholders? equity (If none of the categorles apply for a particular item, leave the cell blank.) Step by Step Solution
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