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The following transactions occurred during 2019: Feb 3 Issued 2,500 shares of preferred stock for $75 per share (total received $187,500) Apr 25 Issued 50,000
The following transactions occurred during 2019: Feb 3 Issued 2,500 shares of preferred stock for $75 per share (total received $187,500) Apr 25 Issued 50,000 shares of $1 par value common stock for $15 per share (total received $750,000) Jun 15 Repurchased 15,000 shares of common stock (TREASURY STOCK) at $10.50 per share (total paid $157,500). Oct 24 Sold 7,500 shares of treasury stock bought on June 15 for $24 per share (total received $180,000) Use the financial statement effects template, below, to record these transactions. Income Statement Balance Sheet Rev- Transaction Cash Asset + Noncash Assets = Liabil- ities + Contrib. Capital + Earned Capital Expen- ses = Net Income enues Feb 3 = Apr 25 June 15 = = Oct 24 =
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