(Solved): Identifying and Analyzing Financial Statement Effects of Stock Transactions Pyle Corp. reports the ...

Identifying and Analyzing Financial Statement Effects of Stock Transactions Pyle Corp. reports the following transactions relating to its stock accounts in the current year. (a) Feb. 3 Issued 36,000 shares of $5 par value common stock at $27 cash per share. (b) Feb. 27 Issued 8,100 shares of $50 par value, 8% preferred stock at $88 cash per share. (c) Mar.31 Purchased 4,500 shares of its own common stock at $30 cash per share. (d) June. 25 Sold 2,700 shares of its treasury stock at $38 cash per share. (e) July. 15 Sold the remaining 1,800 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. Transaction (a) Feb 3 (b) Feb 27 (c) Mar 31 (d) Jun 25 (e) Jul 15 Cash Asset 0 ? 0 ? 0 ? 0 ? 0 Noncash Assets 0 = + 0= ? 0= ? 0 = ? 0 = ? Balance Sheet Liabilities 0 ? 0 ? 0 ? 0 ? 0 Contrib. Capital Common Stock Preferred Stock Treasury Stock Treasury Stock 0 0 ? 0 0 ? 0 ? 0 0 ? 0 0 Earned Capital 0 ? 0 ? 0 ? 0 ? 0 Revenues 0 0 ? 0 ? 0 ? 0 ? Income Statement Expenses 0 = ? ? 0 0 = ? 0 = ? 0 = Net Income 0 0 0 0 0