Pyle Corp. reports the following transactions relating to its stock accounts in the current year. (a) Feb. 3 Issued 40

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Pyle Corp. reports the following transactions relating to its
stock accounts in the current year.


(a) Feb. 3 Issued 40,000 shares of $5 par value common stock at $27
cash per share.
(b) Feb. 27 Issued 9,000 shares of $50 par value, 8% preferred
stock at $88 cash per share.
(c) Mar.31 Purchased 5,000 shares of its own common stock at $30
cash per share.
(d) June. 25 Sold 3,000 shares of its treasury stock at $38 cash
per share.
(e) July. 15 Sold the remaining 2,000 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.

Pyle Corp Reports The Following Transactions Relating To Its Stock Accounts In The Current Year A Feb 3 Issued 40 1 (386.19 KiB) Viewed 42 times

Balance Sheet Liabilities Income Statement Expenses Transaction Noncash Assets = Contrib. Capital Revenues Net Cash Asset Earned Capital Income (a) Feb 3 180,000 0 = 1,800 200,000 0 0 0 = 0 Cash A Cash Common Stock - 880,000 Additional Paid-in Cap 450,000 (b) Feb 27 792,000 0 = 792,000 0 0 0 = o Cash Preferred Stock - (c) Mar 31 (150,000) 0 = (150,000) o 0 0 = 0 Cash Cash (d) Jun 25 114,000 0 = 114,000 0 0 0 = 0 Cash A Cash - - > 342,000 Additional Paid-in Cap (150,000) Treasury Stock A 90,000 Treasury Stock 24,000 Additional Paid-in Cap 60,000 Treasury Stock (2,000) Additional Paid-in Cap (e) Jul 15 58,000 0 = 58,000 0 0 0 = 0 Cash Cash A -