1 Not yet answered Marked out of 10.00 Flag question Identifying and Analyzing Financial Statement Effects of Stock Transactions Pyle Corp. reports the following transactions relating to its stock accounts in the current year. (a) Feb. 3 Issued 56,000 shares of $5 par value common stock at $27 cash per share. (b) Feb. 27 Issued 12,600 shares of $50 par value, 8% preferred stock at $88 cash per share. (c) Mar 31 Purchased 7,000 shares of its own common stock at $30 cash per share. (d) June. 25 Sold 4,200 shares of its treasury stock at $38 cash per share. (e) July. 15 Sold the remaining 2,800 shares of treasury stock at $29 cash per share. Use the financial statement effects template to indicate the effects from each of these transactions. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount Transaction Cash Asset Noncash Assets Feb 3 1,512,000 Common Stock Balance Sheet Liabilities Income Statement Contrib. Capital Earned Revenues Expenses Capital 280,000 # Common Stock Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount. Transaction Cash Asset 1.572.000 27 Common Stock $ 60M 3 Try Stock 100 Jay Mo and s 1200 Balance Sheet Income Statement Contrib. Capital Carned Capital Revenues Expenses 280000 Net Income 12:52.000 30,000 + 13,000 12,000 hary so 84,000 4300 10000