Identifying and Analyzing Financial Statement Effects of Stock Transactions Melo Company reports the following transactions...
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Identifying and Analyzing Financial Statement Effects of Stock Transactions Melo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects from each of these transactions. (a) Mar. 2 Issued 15,000 shares of $1 par value common stock at $30 cash per share. (b) Apr. 14 Issued 22,500 shares of $100 par value, 8% preferred stock at $250 cash per share. (c) June. 30 Purchased 4,500 shares of its own common stock at $22 cash per share. (d) Sep. 25 Sold 2,250 shares of its treasury stock at $26 cash per share. Note: For each account category, indicate the appropriate account name. Enter "N/A" for
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