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Identifying and Analyzing Financial Statement Effects of Stock Transactions Pyle Corp. reports the following transactions relating to its stock accounts in the current year.

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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 588 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 $25 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 aj Feb 3 1512000 Cash to Feb 27 1108800 Cash Balance Sheet Liabilities Contrib. Capital Earned Revenues Income Statement Expenses Capital 20000 Common Stock 30000 Preferred Stock G

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