Record the journal entry for these transactions. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet The issuance of common stock on January 1, 2022. Nesel Enter debits before credits. Aituve Company was incorporated on January 1,2022, ot which time 425,000 shares of $10 par volue common stock were authorized. and $80,000 of these shares were issued for $14 per share. Net income for the year ended December 31, 2022, was $2,057,400. Atuve Company's board of directors declared dividends of $2 per share of common stock on December 31, 2022. payable on January 24,2023 Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1,2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24,2023 . Indicate the financial statement effect d. Record the journal entry for these tronsactions. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of the payment of dividends on January 24, 2023. Indicate the financial statement effect. Use the horizontal model to show wa cin to indicate a negative finandial statement effect. Altuve Company was incorporated on Janvary 1, 2022, at which time 425,000 shares of $10 par valve common stock were authorized, and 180,000 of these shares were issued for $14 per share. Net income for the year ended December 31, 2022, was $2,057,400. Altwe Company's board of directors declared dividends of $2 per share of common stock on December 31, 2022, payable on January 24,2023 . Aequired: a. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect c. Use the horizontal model to show the effects of the payment of dividends on January 24,2023 . Indicate the financial statement effect d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Use the horvontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. Note if frter decteases with a minus sign to indicate a negative financial statement effect. Altuve Company was incorporated on January 1,2022 , at which time 425,000 shares of $10 por value common stock were authorized, and 180,000 of these shares were issued for $14 per share. Net income for the year ended December 31, 2022, was $2,057,400. Altuve Company's board of directors declared dividends of $2 per share of common stock on Decernber 31, 2022, payable cn January 24,2023. Required: a. Use the herizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividents on Janubry 24,2023 . Inclicate the financial statement effect. d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of the deciaration of dividends on December 31, 2022. Indicate the financial statement effect. Notet Enter decreases with a minus sign to indicate a negative financlal statement effect. Record the joumal entry for these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 3 The issuance of common stock on January 1, 2022. Record the journal entry for these transactions. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet The issuance of common stock on January 1, 2022. Nesel Enter debits before credits. Aituve Company was incorporated on January 1,2022, ot which time 425,000 shares of $10 par volue common stock were authorized. and $80,000 of these shares were issued for $14 per share. Net income for the year ended December 31, 2022, was $2,057,400. Atuve Company's board of directors declared dividends of $2 per share of common stock on December 31, 2022. payable on January 24,2023 Required: a. Use the horizontal model to show the effects of the issuance of common stock on January 1,2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividends on January 24,2023 . Indicate the financial statement effect d. Record the journal entry for these tronsactions. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of the payment of dividends on January 24, 2023. Indicate the financial statement effect. Use the horizontal model to show wa cin to indicate a negative finandial statement effect. Altuve Company was incorporated on Janvary 1, 2022, at which time 425,000 shares of $10 par valve common stock were authorized, and 180,000 of these shares were issued for $14 per share. Net income for the year ended December 31, 2022, was $2,057,400. Altwe Company's board of directors declared dividends of $2 per share of common stock on December 31, 2022, payable on January 24,2023 . Aequired: a. Use the horizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect c. Use the horizontal model to show the effects of the payment of dividends on January 24,2023 . Indicate the financial statement effect d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Use the horvontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. Note if frter decteases with a minus sign to indicate a negative financial statement effect. Altuve Company was incorporated on January 1,2022 , at which time 425,000 shares of $10 por value common stock were authorized, and 180,000 of these shares were issued for $14 per share. Net income for the year ended December 31, 2022, was $2,057,400. Altuve Company's board of directors declared dividends of $2 per share of common stock on Decernber 31, 2022, payable cn January 24,2023. Required: a. Use the herizontal model to show the effects of the issuance of common stock on January 1, 2022. Indicate the financial statement effect. b. Use the horizontal model to show the effects of the declaration of dividends on December 31, 2022. Indicate the financial statement effect. c. Use the horizontal model to show the effects of the payment of dividents on Janubry 24,2023 . Inclicate the financial statement effect. d. Record the journal entry for these transactions. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of the deciaration of dividends on December 31, 2022. Indicate the financial statement effect. Notet Enter decreases with a minus sign to indicate a negative financlal statement effect. Record the joumal entry for these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 3 The issuance of common stock on January 1, 2022