Required information CC11-1 (Algo) Accounting for Equity Financing [LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5] [The following information applies to the questions displayed below] Nicole has been financing Nicole's Getaway Sps (NGS) using equity financing. Currently NGS has authorized 100,000 no. par preferred shares and 200,000$2 par common shares. Outstanding shares include 41,000 preferred shares and 31,000 common shares. Recently the following transactions have taken place. a. NGS issues 550 preferred shares for $11 a share. b. NGS repurchases 550 common shares for $10 a share. c. On November 12, the board of directors declares a $0.50 cash dividend on each outstanding preferred share. d. The dividend is paid December 20 . CC11-1 (Algo) Part 1 Required: - Prepare the journal entries needed for each of the transactions. af no entry is required for a transaction/event, select "No Entry Required" in the first account field.) Required information CC11-1 (Algo) Accounting for Equity Financing [LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11.5] [The following infomation apples to the questions displayed betow]] Nicole has been financing Nicole's Getaway Spe (NGS) using equaty financing. Currently NGS has authorized 100,000 nopar preferred shares and 200,000$2 par common shares. Outstanding shares include 41,000 proforred shares and 31,000 common shares. Recently the following transactions have taken place. a. NGS issues 550 preferred shares for $11 a share. b. NGS repurchases 550 common shares for $10 a share. c. On November 12, the board of directors declares a $0.50 cash dividend on each outstanding preferred share. d. The dividend is paid December 20. C11-1 (Algo) Part 2 fyou were a common shareholder concerned about your voting rights, would you prefer Nicole to issue additional common share or additional preferred shares? Additional Common Shares Additional Preferred Shares Required information CC11-1 (Algo) Accounting for Equity Financing [LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5] The following information applies to the questions displayd beiow] Nicole has been financing Nicole's Getawway Spe (NGS) using equity financing. Currently NGS has authorixed 100,000 nopar preferred shares and 200.000$2 par common shares. Outstanding shares include 41.000 preferred shares and 31,000 common shares. Recently the following transactions thave taken place. a. NGS issues 550 preferred shares for $11 a share. b. NGS repurchases 550 common shares for $10 a share. c. On November 12 , the board of directors declares a $0.50 cash dividend on each outstanding preferred share. d. The dividend is paid December 20 . CC11-1 (Algo) Part 3 3. Show the overall offect of each transaction on the assets, tlabilities, and shareholders' equity of the company, (Use + for increase, for decrease, and NE for no effect.) Required information CC11-1 (Algo) Accounting for Equity Financing [LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5] TThe following information applies to the questions displayed bolow] Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authoraed 100,000 nopar preferred shares and 200,000$2 par common shares. Outstariding shares include 41,000 preferred shares and 31,000 common shares. Recently the following transactions have taken place: a. NGS issues 550 preferred shares for $11 a share. b. NGS repurchases 550 common shares for $10 a share. c. On November 12, the board of directors declares a $0.50 cash dividend on each cutstanding preferted share. d. The dividend is paid December 20 . CC11-1 (Algo) Part 4 4. How would each transaction affect the ROE ratio? (Use + for increase, - for decrease, and NE for no effect.) Required information CC11-1 (Algo) Accounting for Equity Financing [LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5] [The following information applies to the questions displayed below] Nicole has been financing Nicole's Getaway Sps (NGS) using equity financing. Currently NGS has authorized 100,000 no. par preferred shares and 200,000$2 par common shares. Outstanding shares include 41,000 preferred shares and 31,000 common shares. Recently the following transactions have taken place. a. NGS issues 550 preferred shares for $11 a share. b. NGS repurchases 550 common shares for $10 a share. c. On November 12, the board of directors declares a $0.50 cash dividend on each outstanding preferred share. d. The dividend is paid December 20 . CC11-1 (Algo) Part 1 Required: - Prepare the journal entries needed for each of the transactions. af no entry is required for a transaction/event, select "No Entry Required" in the first account field.) Required information CC11-1 (Algo) Accounting for Equity Financing [LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11.5] [The following infomation apples to the questions displayed betow]] Nicole has been financing Nicole's Getaway Spe (NGS) using equaty financing. Currently NGS has authorized 100,000 nopar preferred shares and 200,000$2 par common shares. Outstanding shares include 41,000 proforred shares and 31,000 common shares. Recently the following transactions have taken place. a. NGS issues 550 preferred shares for $11 a share. b. NGS repurchases 550 common shares for $10 a share. c. On November 12, the board of directors declares a $0.50 cash dividend on each outstanding preferred share. d. The dividend is paid December 20. C11-1 (Algo) Part 2 fyou were a common shareholder concerned about your voting rights, would you prefer Nicole to issue additional common share or additional preferred shares? Additional Common Shares Additional Preferred Shares Required information CC11-1 (Algo) Accounting for Equity Financing [LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5] The following information applies to the questions displayd beiow] Nicole has been financing Nicole's Getawway Spe (NGS) using equity financing. Currently NGS has authorixed 100,000 nopar preferred shares and 200.000$2 par common shares. Outstanding shares include 41.000 preferred shares and 31,000 common shares. Recently the following transactions thave taken place. a. NGS issues 550 preferred shares for $11 a share. b. NGS repurchases 550 common shares for $10 a share. c. On November 12 , the board of directors declares a $0.50 cash dividend on each outstanding preferred share. d. The dividend is paid December 20 . CC11-1 (Algo) Part 3 3. Show the overall offect of each transaction on the assets, tlabilities, and shareholders' equity of the company, (Use + for increase, for decrease, and NE for no effect.) Required information CC11-1 (Algo) Accounting for Equity Financing [LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5] TThe following information applies to the questions displayed bolow] Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authoraed 100,000 nopar preferred shares and 200,000$2 par common shares. Outstariding shares include 41,000 preferred shares and 31,000 common shares. Recently the following transactions have taken place: a. NGS issues 550 preferred shares for $11 a share. b. NGS repurchases 550 common shares for $10 a share. c. On November 12, the board of directors declares a $0.50 cash dividend on each cutstanding preferted share. d. The dividend is paid December 20 . CC11-1 (Algo) Part 4 4. How would each transaction affect the ROE ratio? (Use + for increase, - for decrease, and NE for no effect.)