Please, Please, and Please PROVIDE ME WITH THE CORRECT SOLUTION this problem . It`s GRADED. Thank you.
As of June 30th, Nelson company has the following balances Common Stock (Par Value 50; 50,000 shares issued and outstanding) 2,500,000 Paid in Capital in Excuses of Par - C/S Retained Earnings 600,000 4,200,000 Nelson would like you to indicate the S amount and impact on the designated elements of the financial statements in the table. Indicate NE if there is no effect. Indicate decreases by putting the amount in parenthesis 1.Nelson Company declares and issues a 10% stock Dividend when the stock is trading for 65 per share. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income) 2,Nelson company declares and issues a 50% stock dividend when the stock is trading for 65 per share. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income) 3.Nelson company exchanges 1000 shares of common stock patent with market value of 85000. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income) 4.Nelson company issues a 2 for 1 stock split. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income) 5.Nelson company declares cash dividend. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and 6. Nelson company bought 500 shares of treasury shares. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income) 7. Approved retained earnings restrictions. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income) S,Nelson company resold 500 shares of the treasury shares in #6 for 60 per share. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income) 9,Nelson Company pays the cash dividend declared in #5. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income) 10. Nelson company issues property dividend that has a book value of 100,000 but has a market value of 125,000. (Indicate the Dollar amount and effect to Assets, Liabilities, Stockholder's Equity, paid in capital in excess (APIC), Retained Earning, and Net income)
