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Problem 4 This set of questions is worth a total of 38 points. Please round all answers to the NEAREST WHOLE DOLLAR Katniss Everdeen's Evergreens,

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Problem 4 This set of questions is worth a total of 38 points. Please round all answers to the NEAREST WHOLE DOLLAR Katniss Everdeen's Evergreens, an arborist supply company, began operations on January 1, 2019. The following transactions occurred IN ORDER during 2019. 1. Indicate how each transaction impacts TOTAL Stockholders' Equity and Retained Earnings by writing "No Effect" or the dollar amount AND whether it is an increase or a decrease in each box. You may indicate decreases with parentheses or with a negative (-) sign. Answers without a sign or with a (+) sign will be interpreted as increases. DO NOT LEAVE ANY BOX BLANK - a blank box will be considered incorrect. (3 points each). Total Stockholders' Equity Retained Earnings (a) Issued and sold 15,000 shares of common stock for $15 per share. The common stock has par value of $9 per share. +225000 +225000 (b) Repurchased 1,500 shares for $18 per share, to be held in Treasury Stock +27000 +27000 (c) Declared (but did not pay) cash dividends of $0.10 per outstanding share. (d) Paid the dividend declared in (c) (e) Sold 750 shares of Treasury Stock for $20 per share. (f) Declared and executed a 3-for-1 stock split. (g) Earned $15,000 in Net Income during 2019 and made the appropriate closing journal entry 2a. What is the total number of outstanding shares as of the end of 2019? (4 points) 2a. What is the par value per share at the end of 2019? (2 points) 3. Prepare the journal entry to record the sale of Treasury Stock in transaction (e), above (6 points) Account Title Account Type and + or - Debit: Credit: 4. Assume that, instead of a cash dividend, Everdeen declared a stock dividend. What would the effect be on the following account types? (1 point each) Increase No Effect Decrease Total Assets Total Liabilities Total Stockholders' Equity ooooo OOO Contributed Capital OOO Retained Earnings

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