Problem 5 Stockholders Equity Events (15 points)

Required: Show the effect of the following events on the companys accounting equation. For each account title affected write in the specific account name and the dollar change. Show decreases in ( ). Show the correct effect in the Stockholders Equity column so the Balance Sheet balances.
		BALANCE SHEET
Event		Assets	= Liabilities	+ Stockholders Equity
a.	Issued 1,000 shrs. $100 par, 6% Preferred stock, for Land, when the stock was selling for $150/share.
b.	Issued 5,000 shrs. $2 par, Common stock, for $19 Cash per share.
c.	Declared a $6/shr. Cash Dividend on the 1,000 shrs. of Pref. Sk. and $3/shr. On 5,000 shrs. of common stock.
d.	Paid cash to reacquire 800 shrs. of common stock for $15/shr.
e.	Paid the cash dividend declared in event c above.
f.	Reissued the 800 shrs. acquired in event d above, for $20/shr.					(Treasury Stock)* $(30,000) *Acct.+, total SE-
g.	Declared and Issued 5,000 common shrs. for a 100% stock dividend. The market price was $22/shr.