CSecure htt edugen.wieyplus.com/edugeryltymainun WileyPLUS Kimmel, Accounting, b
ID: 2527836 • Letter: C
Question
CSecure htt edugen.wieyplus.com/edugeryltymainun WileyPLUS Kimmel, Accounting, be Indicate whcthar each of the fallowing transactions would increase, decrae, ornot affect total ases, total abiltis, and total stodkholders' equity. Assets Liabilities Stockholders Equity La) Declarad cash dhidcnd. ) aid cesh disidend dedared in (a), c) Declarad stock dividend (d) Distributed sck dividend declared in (c) Spl stock 3-tor-1 By Ar?esino thik Qukstien Assistanna, yo. wil learn "hil^ yo.. carn points hacen nn the part patential pnlicy set hy your instructor. Question Attempts: of 3 used SAVEON LATER Earn Maximum Points avalable any it you answer this queatian comechy in twc attempts Screenshat saved The streenshot was added ta your E O lype here to searchExplanation / Answer
Answer
Journal Entry
Transaction
Debit
Credit
Assets
Liabilities
Stockholder's Equity
a) Declared cash dividend
Dividends
Dividend payable
Not affected
Increase (with the amount of dividend payable)
Decrease (retained earnings will decrease by the amount of Dividend a/c)
b) Paid cash dividend declared above
Dividend payable
Cash
Decrease (Cash is paid)
Decrease (Dividend payable will be paid)
No effect
c) Declared stock dividend
Dividend
Dividend distributable
Not affected
Increase (with the amount of dividend distributable)
Decrease 9retained earnings will decrease by the amount of Dividend a/c)
d) distributed stock dividend above
Dividend distributable
Common Stock
Not affected
Decrease (Dividend distributable will be distributed)
Increase (Common Stock Value will increase)
e) Split Stock [3 for 1]
Common Stock [Old par]
Common Stock [at new par]
Not affected
Not affected
Not affected
Journal Entry
Transaction
Debit
Credit
Assets
Liabilities
Stockholder's Equity
a) Declared cash dividend
Dividends
Dividend payable
Not affected
Increase (with the amount of dividend payable)
Decrease (retained earnings will decrease by the amount of Dividend a/c)
b) Paid cash dividend declared above
Dividend payable
Cash
Decrease (Cash is paid)
Decrease (Dividend payable will be paid)
No effect
c) Declared stock dividend
Dividend
Dividend distributable
Not affected
Increase (with the amount of dividend distributable)
Decrease 9retained earnings will decrease by the amount of Dividend a/c)
d) distributed stock dividend above
Dividend distributable
Common Stock
Not affected
Decrease (Dividend distributable will be distributed)
Increase (Common Stock Value will increase)
e) Split Stock [3 for 1]
Common Stock [Old par]
Common Stock [at new par]
Not affected
Not affected
Not affected