Show how each of the following transactions would be recorded in the accounting equation: August 1 Issued

Question:

Show how each of the following transactions would be recorded in the accounting equation:

August 1 Issued 75,000 shares of $0.05 par value common stock for cash of $750,000

November 1 Issued 2,500 shares of $100 par value preferred stock for cash at $160 per share

December 31 Purchased 5,000 shares of treasury stock (i.e., the company bought its own common stock in the stock market) for $11.00 per share

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,...