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,m dfdf These are the names of the transactions if needed. Analyzing and Identifying Financial Statement Effects of Stock Transactions (FSET) McNichols Corp. reports the

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These are the names of the transactions if needed.

image text in transcribed Analyzing and Identifying Financial Statement Effects of Stock Transactions (FSET) McNichols Corp. reports the following transactions relating to its stock accounts. Jan. 15 Issued 40,000 shares of $5 par value common stock at $17 cash per share. Jan. 20 Issued 9,000 shares of $50 par value, 8% preferred stock at $78 cash per share. Mar. 31 Purchased 4,500 shares of its own common stock at $20 cash per share. Jun. 25 Sold 3,000 shares of the treasury stock at $26 cash per share. Jul. 15 Sold the remaining 1,500 shares of treasury stock at $19 cash per share. Using the financial statement effects template, illustrate the effects of these transactions. NOTE: Use negative signs with your answers, when appropriate. NOTE: Select "N/A" as your answer if a part of the accounting equation is not affected. Additional paid-in capital Cash Common stock Compensation expense Dividends payable Preferred stock Retained earnings Treasury stock N/A

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