QUESTION 47 Indicate the effect of the following event on the company's accounting equation. For each account title affected indicate the specific account name, dollar change, and whether it increased or decreased. Show the correct effect in the Stockholders' Equity column so the Balance Sheet balances. Issued 1,000 shrs. $100 par, 8% Preferred stock, for Land, when the stock was selling for $300/share Increased the asset land $300,000, the stockholders' equity account preferred stock $300,000. Increased the asset land $300,000, the stockholders' equity accounts preferred stock $200,000 and additional paid in capital-preferred $100,000. Increased the asset land $300,000, the stockholders' equity accounts preferred stock $100,000 and additional paid in capital-preferred $200,000. Increased the asset cash $300,000, the stockholders' equity accounts preferred stock $100,000 and additional paid in capital-preferred $200,000. Click Save and Submit to save and submit. Click Save All Answers to save all answers.