FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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April 19
Issued 2,000 common shares at $16 per share.
July 22
Declared and paid a cash dividend of $0.40 per common share (20,000 common shares outstanding).
Nov 11
Issued 700 common shares at $18 per share.
 
What was the overall effect of these transactions on
Creative​'s ​shareholders' equity?
 
* 2nd Last question image not showing but format it in the same way*
 
Begin with journalizing the April 19th transaction. Issued 2,000 common shares at $16 per share. (Record debits first, then credits.
Explanations are not required.)
Date
April 19
Accounts
Debit
Credit
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Transcribed Image Text:Begin with journalizing the April 19th transaction. Issued 2,000 common shares at $16 per share. (Record debits first, then credits. Explanations are not required.) Date April 19 Accounts Debit Credit
Next, journalize the July 22nd transaction. Declared and paid a cash dividend of $0.40 per common share (20,000 common shares outstanding).
Date
July 22
Accounts
Debit
Credit
expand button
Transcribed Image Text:Next, journalize the July 22nd transaction. Declared and paid a cash dividend of $0.40 per common share (20,000 common shares outstanding). Date July 22 Accounts Debit Credit
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