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Melo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects
Melo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects from each of the transactions.
Question 1 No complete Marted out of 63.00 Page Identifying and Analyzing Financial Statement Effects of Stock Transactions Melo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects from each of these transactions ta) Mar. 2 Issued 10.000 shares of 51 par value common stock at $30 cash per share. (b) Apr. 14 Issued 15,000 shares of 100 par value, preferred stock at $250 cash per share. (June 30 Purchased 3.000 shares of its own common stock at 122 cash per share (d) Sep. 25 Sold 1,500 shares of its treasury stock at $26 cash per share Notes for each account category, indicate the appropriate account name. Enter "NIAfor any account category that is not used for a given transaction Note: indicate a decrease in an account Category by including a negative with the amount Imam Note: For each account category, indicate the appropriate account name. Enter "N/A for any account categ Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet ($ in millions) Cash Asset Noncash Assets Transaction Liabilities (a) March 2 co It (b) April 14 e + Pr (June 30 . (d) Sep. 25 0 Tre: Check Save Answers eBoc $ the current year. Use the financial statement effects template to indicate the effects from each of these transactions, are. ash per share. are. "NIA" for any account category that is not used for a given transaction vith the amount Income Statement Balance Sheet Net Contrib. Capital Earned Capital Income Revenues Expenses Liabilities . Common Stock Preferred Stock - Treasury Stock Identifying and Analyzing Financial Statement effects of Stock Transactions Melo Company reports the following transactions relating to its stock accounts in the current year. Use the final statement effects template to indicate the effects from each of the transactions al Mar, 2 issued 10.000 shares of 1 par value common stock at $30 cash per share Apr. 14 iud 15.000 shares of 100 par value, preferred stock at 250 cash per share june 30 Purchased 1.000 shares of is own common stock 122 cash per share Idi Sep. 25 Sold 1.500 shares of treasury stock at 526 canh pershare. Note for each count Category indicate the appropriate accountname. Enter for my account category that is not used for person Note indicate a decrease in an account pory by including a negative sign with the amount Balance Can C . . 025 Step by Step Solution
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