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Show how each of the following transactions affects the accounting equation Issued 75,800 shares of $0.07 par value common stock for cash of $99,810 March
Show how each of the following transactions affects the accounting equation Issued 75,800 shares of $0.07 par value common stock for cash of $99,810 March 1 Issued 1,100 shares of $98 par value preferred stock for cash at $118 per share April 1 June 30 Purchased 1,800 shares of treasury stock for $3.00 per share (i.e., the company bought its own common stock in the stock market) Show how each transaction would affect the accounting equation. Some of the account names will be abbreviated March 1: Issued 75,800 shares of $0.07 par value common stock for cash of $99,810 (Use parentheses or a minus sign when entering component decreases on contra account increases. Use only the necessary input lines.) Shareholders' Equity Contributed Capital Assets Liabilities Retained Earnings Account Account Account Account
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