Identifying and Analyzing Financial Statement Effects of Stock Transactions Melo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects from each of these transactions (a) Mar. 2 issued 10,000 shares of $1 par value common stock at $30 cash per share. (b) Apr 14 Issued 15,000 shares of $100 par value, 8% preferred stock at $250 cash per share. (c) June 30 Purchased 3,000 shares of its own common stock at $22 cash per share. (d) Sep. 25 Sold 1,500 shares of its treasury stock at $26 cash per share. 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 is in millions) Balance Sheet Cash Asset Transaction (a) March 2 Noncash Assets Incomast Labilities Contrib Capital Earned Capital 0 Revenues 0 . Common Stock 0 (b) April 14 0- 0 0 . Preferred Stock 0 . 0 (June 30 0 0 0 . 0 . a . Sep 25 0 O 0 0 . . 0 . Treasury Stock 0 Please answer all parts of the question Dalalle Sndet Income Statement Liabilities Contrib. Capital Earned Capital 0 Revenues Expenses Net Income 0 0 Common Stock 0 0 . 0 0 0 0 0 0 - 0 Preferred Stock . . 0 Support 0 0 0 0 0 D . 0 0 0 0 0 . Treasury Stock 0 . Additional Paid-in Cita CS Additional Paid-in Capital-P3 Cash Common Stock Preferred Stock Retained Earnings Treasury Stock NA estion Next Identifying and Analyzing Financial Statement Effects of Stock Transactions Melo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects from each of these transactions (a) Mar 2 issued 10,000 shares of 31 par value common stock at $30 cash per share (6) Apr 14 issued 15,000 shares of 100 par value, 8% preferred stock at $250 cash per share (c) June 30 Purchased 3,000 shares of its own common stock at $22 cash per share (ch) Sep 25 Sold 1,500 shares of its treasury stock at $26 cash per share. 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 byncluding a negative sign with the amount. (5 in millions) Balance Sheet Income St. Cash Asset Noncash Assets Transaction tal March 2 Liabilities Contrib Capital Earned Capital Revenues 0 0 0 0 . Common Stock . 0 th April 14 0 0 0 0 0 . Preferred Stock + 0 e 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. is in millions) Balance Sheet Cash Asset Income SE Transaction (a) March 2 Noncash Assets Liabilities Contrib. Capital Earned Capital 0 Revenues 0 0 Common Stock . 0 (April 14 0 0 . 0 0 0 Preferred Stock 3 0 June 30 0- 0 0 . 0 O . . . . Idi Sep. 25 0. 0 0 0 . 0 Treasury Stod = 0 Please answer all parts of the question Income Statement Earned Capital Revenues Expenses Net Income 0 0 0 = 0 ( 3 0 0 0 - 0 Sunnart 0 0 - 0 = 0 0 0 - 0 = 0
