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QUESTION 53 Indicate the effect of the following event on the company's accounting equation. For each account title affected indicate the specific account name,
QUESTION 53 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 20,000 common shrs, and decreased the par value to $2.50/shr. As result of a 2 for 1 stock split. Increased the asset cash $100,000 and the stockholders' equity account common stock $100,000 Increased the asset cash $50,000 and the stockholders' equity account common stock $100,000 and decreased additional paid in capital-common $50,000. O Increased the asset cash $50,000 and the stockholders' equity account common stock $50,000 Has no effect on any of the balance sheet accounts
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