Given Below Are Several Transactions for Vision Inc

Essay

Given below are several transactions for Vision Inc.In the space provided,indicate the impact on each of the stockholders' equity accounts given,by placing the dollar amount and either a plus sign (+)or a minus sign (-)in the box provided.For each account in which there is no effect,place an X in the box.
$$\begin{array} { | l| l | l | l | l | } \hline \begin{array} { l } \text { Transaction } \end{array} & \begin{array} { l } \text { Common } \\ \text { Stock }\end{array} & \begin{array} { l } \text { Additional } \\\text { Paid-In } \\\text { Stock }\end{array} & \begin{array} { l } \text { Retained } \\\text { Earnings }\end{array} \\\hline \text { 1. } \quad \begin{array} { l } \text { Vision Inc. received authorization to issue } \\1,000 \text { shares of } \$ 2 \text { par value common stock. }\end{array} & & & \\\hline \text { 2. } \quad \begin{array} { l } \text { Vision Inc. issued } 500 \text { shares of common } \\\text { stock for cash at } \$ 15 \text { per share. }\end{array} & & & \\\hline \text { 3. } \quad \begin{array} { l } \text { Vision Inc. issued } 200 \text { shares in exchange } \\\text { for a truck worth } \$ 3,000 .\end{array} & & & \\\hline \text { 4. } \begin{array} { l } \text { Vision Inc. issued } 100 \text { shares of stock in } \\\text { exchange for a patent. The patent had an } \\\text { undeterminable market value. The stock was } \\\text { selling for } \$ 14 \text { per share. }\end{array} & & & \\\hline\end{array}$$