Reynolds, Inc. was incorporated on January 1, 2010. The following events apply to the company’s first year of operation.

1. Issued 2,000 shares of $10 par value common stock at a market price of $25 per share.

2. Earned $35,000 cash revenue.

3. Incurred $25,000 of cash expenses.

4. Declared a $3,000 cash dividend.

5. Paid the cash dividend declared in Event No. 4.

6. Distributed a 5 percent stock dividend when the market price of the stock was $28 per share.

7. Distributed a two-for-one stock split.

Required:

Record the events in the accounting equation.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Answergrowth stock;

Answerquantity supplied of steel will increase;