Question 10 of 18 < > Current Attempt in Progress The following are selected transactions that may affect equity. 1. Recorded accrued interest earned on a note receivable. 2. Declared and distributed a share split. 3. Declared a cash dividend. 4. Recorded a retained earnings restriction. 5. Recorded the expiration of insurance coverage that was previously recorded as prepaid insurance. 6. Paid the cash dividend declared in item 3 above. 7 Recorded accrued interest expense on a note payable. 8. Declared a share dividend. 9. Distributed the share dividend declared in item 8. In the following table, indicate the effect each of the nine transactions has on the financial statement elements listed. Item Assets 1 2 3. 4 5. 6. 2. 8. Liabilities Equity Share Premium < > -/3 E Retained Net Earnings Income > > < > < eTextbook and Media. Save for Later Attempts: 0 of 2 used Submit Answer