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 32,000 shares of $5 par value common stock at $27 cash per share. (b) Feb. 27 Issued 7,200 shares of $50 par value, 8% preferred stock at $88 cash per share. (c) Mar.31 Purchased 4,000 shares of its own common stock at $30 cash per share. (d) June. 25 Sold 2,400 shares of its treasury stock at $38 cash per share. (e) July. 15 Sold the remaining 1,600 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.

	Balance Sheet									Income Statement
Transaction	Cash	+	Noncash Assets	=	Liabilities	+	Contrib. Capital	+	Earned	Revenues		Expenses	=	Net
	Asset								Capital					Income
(a) Feb 3	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) Feb 27	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) Mar 31	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) Jun 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
(e) Jul 15	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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