Show how each of the following transactions affects the accounting equation: March 1 Issued 75,000 shares of

Question:

Show how each of the following transactions affects the accounting equation:

March 1 Issued 75,000 shares of $0.02 par value common stock for cash of $99,750

April 1Issued 1,000 shares of $95 par value preferred stock for cash at $115 per share

June 30 Purchased 1,000 shares of treasury stock for $3 per share (i.e., the company bought its own common stock in the stock market)

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...