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Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of XPress Media Company for the current year follows. 8% preferred
Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of XPress Media Company for the current year follows. 8% preferred stock, $25 par value, 50,000 shares authorized 12,600 shares issued and outstanding $315,000 Common stock, $10 par value, 200,000 shares.authorized 75,000 shares issued and outstanding 750,000 Paid-in capital in excess of par value-preferred stock 127,500 Paid-in capital in excess of par value-common stock 450,000 Retained earnings $55,000 During the year, the following transactions occurred. Jan. 10 Issued 42,000 shares of common stock for $18 cash per share. Jan. 23 Repurchased 12,000 shares of common stock at $20 cash per share. Mar. 14 Sold one-half of the treasury shares acquired January 23 for $22 cash per share. July, 15 Issued 3,900 shares of preferred stock for $192,000 cash. Nov. 15 Sold 1,500 of the treasury shares acquired January 23 for $26 cash per share. Required. a. 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 transact Note Indicate a decrease in an account category by including a nerative sign with the amount
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