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 $48,000$ shares of $$5$ par value common stock at $$27$ cash per share.

$($b$)$ Feb. $27$ Issued $10,800$ shares of $$50$ par value, $8\%$ preferred stock at $$88$ cash per share.

$($c$)$ Mar$\mathrm{.}31$ Purchased $6,000$ shares of its own common stock at $$30$ cash per share.

$($d$)$ June. $25$ Sold $3,600$ shares of its treasury stock at $$38$ cash per share.

$($e$)$ July. $15$ Sold the remaining $2,400$ 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.