Suppose decor city split its common stock 2for1 in order to decrease the market price per share of its stock. The company's stock was trading at 21 per share immediately before the split. 1. Prepare the stockholders' equity section of the Imports balance sheet after the stock split. 2. Were the account balances changed or unchanged after the stock split?

Maine Corporation has two classes of stock: common, $5 par value; and preferred, $20 par value. Requirements 1. Journalize Maine's issuance of 5,000 shares of common stock for $10 per share. 2. Journalize Maine's issuance of 5,000 shares of preferred stock for a total of $100,000. Requirement 1. Journalize Maine's issuance of 5,000 shares of common stock for $10 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)