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  3. the annual report for malibu beachwear reported th

The annual report for Malibu Beachwear reported the following transactions affecting stockholders equity: ...

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Accounting

The annual report for Malibu Beachwear reported the following transactions affecting stockholders equity:
a. Purchased $350,100 of common stock now held in treasury.
b. Declared cash dividends in the amount of $260,050.
c.

Paid the dividends in (b).
d. Issued 101,000 new shares of $0.10 par value common shares for $2 per share.
e.

Closed the Dividends account.

Required:
1.

Indicate the effect (+ for increase, ? for decrease, +/? for increase/decrease) of each of these transactions on total assets, liabilities, and stockholders equity. (Leave cell blank if there is no effect.)

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Assets LiabilitiesStockholders Equity a. b. C. d

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