Question
Pyle Corp. reports the following transactions relating to its stock accounts in the curPyle Corp. reports the following transactions relating to its stock accounts in
Pyle Corp. reports the following transactions relating to its stock accounts in the curPyle Corp. reports the following transactions relating to its stock accounts in the current year. (a) Feb. 3 Issued 56,000 shares of $5 par value common stock at $27 cash per share. (b) Feb. 27 Issued 12,600 shares of $50 par value, 8% preferred stock at $88 cash per share. (c) Mar.31 Purchased 7,000 shares of its own common stock at $30 cash per share. (d) June. 25 Sold 4,200 shares of its treasury stock at $38 cash per share. (e) July. 15 Sold the remaining 2,800 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.rent year. (a) Feb. 3 Issued 56,000 shares of $5 par value common stock at $27 cash per share. (b) Feb. 27 Issued 12,600 shares of $50 par value, 8% preferred stock at $88 cash per share. (c) Mar.31 Purchased 7,000 shares of its own common stock at $30 cash per share. (d) June. 25 Sold 4,200 shares of its treasury stock at $38 cash per share. (e) July. 15 Sold the remaining 2,800 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.
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
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