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 6,000 shares of $1 par value common stock at $30 cash per share. (b) Apr. 14 Issued 9,000 shares of $100 par value, 8% preferred stock at $250 cash per share. (c) June. 30 Purchased 1,800 shares of its own common stock at $22 cash per share. (d) Sep. 25 Sold 900 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.

	Balance Sheet									Income Statement
Transaction	Cash Asset	+	Noncash Assets	=	Liabilities	+	Contrib. Capital	+	Earned Capital	Revenues		Expenses	=	Net Income
(a) March 2	Answer		Answer	=	Answer		Answer		Answer	Answer		Answer	=	Answer
	AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		Common Stock		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A	AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A
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							AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A
(b) April 14	Answer		Answer	=	Answer		Answer		Answer	Answer		Answer	=	Answer
	AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		Preferred Stock		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A	AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A
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							AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A
(c) June 30	Answer		Answer	=	Answer		Answer		Answer	Answer		Answer	=	Answer
	AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A	AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A
(d) Sep. 25	Answer		Answer	=	Answer		Answer		Answer	Answer		Answer	=	Answer
	AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		Treasury Stock		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A	AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A		AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A
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							AnswerAdditional Paid-in Capital-CSAdditional Paid-in Capital-PSCashCommon StockPreferred StockRetained EarningsTreasury StockN/A

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