Write the net effect of the following transaction on the accounts identified.

Write 0 for no effect and use negative numbers to indicate reductions in accounts or cash outflows (do not leave blank).

The company is a retailer that uses US GAAP .

Ignore tax effects unless explicitly mentioned.

Round to the nearest dollar.

Consider the two scenarios indicated.

A hospitality company issued 10 shares of stock $8 per share. Record the effects of issuance under two possible scenarios: 1) no-par stock; 2) par value of $0.10 per share.

Issue No-par Stock (stock with par value of 0)

Cash:

Common Stock:

Additional Paid-in Capital:

Retained Earnings:

Operating Cash Flows:

Financing Cash Flows:

Pre-tax Net Income:

Issue $0.10 par Stock (stock with par value of ten cents per share)

Cash:

Common Stock:

Additional Paid-in Capital:

Retained Earnings:

Operating Cash Flows:

Financing Cash Flows:

Pre-tax Net Income: