Cones Inc of Baie Comeau completed the following transactions during 2017

Cones Inc. of Baie-Comeau completed the following transactions during 2017, the company’s tenth year of operations:

Feb. 2 Issued 10,000 common shares for cash of $250,000.

Apr. 22 Sold 700 common shares for $26 per share.

Aug. 6 Declared a cash dividend on the 10,000 $0.60 preferred shares.

Sept. 1 Paid the cash dividends.

Nov. 18 Declared and distributed a 10% stock dividend on the 30,000 common shares outstanding. The market value of the common shares was $25 per share.

Requirement

Analyze each transaction in terms of its effect (in dollars) on the accounting equation of

Cones Inc?

Cones Inc of Baie Comeau completed the following transactions during 2017



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