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E8-37. Identifying Various Equity Transactions Perry Corp. reports the following transactions relating to its stock accounts in the current year. Feb. 3 Issued 40,000 shares
E8-37. Identifying Various Equity Transactions Perry Corp. reports the following transactions relating to its stock accounts in the current year. Feb. 3 Issued 40,000 shares of $5 par value common stock at $27 cash per share. Feb. 27 Issued 9,000 shares of $50 par value, 8% preferred stock at $88 cash per share. Mar. 31 Purchased 5,000 shares of its own common stock at $30 cash per share. June 25 Sold 3,000 shares of its treasury stock at $38 cash per share. July 15 Sold the remaining 2,000 shares of treasury stock at $29 cash per share. Use the financial statement effects template to indicate the effects from each of these transactions
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