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Saved Help Required information [The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,800 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,900. c. Paid the dividends in (b). d. Issued 118,000 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.) Assets Liabilities Stockholders' Equity a b. d View transaction list Journal entry worksheet Record the payment of the dividend. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the issue of 118,000 new shares of $0.10 par value, for $2 per share. Note: Enter debits before credits. Event General Journal Debit Credit d 5 Record entry Clear entry View general journal Journal entry worksheet Record the entry to close Dividends account. Note: Enter debits before credits. Event General Journal Debit Credit e Record entry Clear entry View general journal

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