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  3. refer to the following transactions. a. sold 4.700

Refer to the following transactions. a. Sold 4.700 shares of $50 pot value 8% preferred...

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Accounting

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Refer to the following transactions. a. Sold 4.700 shares of $50 pot value 8% preferred stock at par. b Declared the annual dividend on the preferred stock. c. Purchased 500 shares of preferred stock for the treasury at $57 per share d. Issued 2, 500 shares of $2 par value common stock in exchange for and valued at $107,000. e. Sold 266 shares of the treasure stock purchased in transaction c for $56 per share. f. Split the common stock 2 for 1 Required: Show the effect (if any) or each of the above transaction on each financial statement category by select a plus (+) or minus (-) sign and the in the appropriate column Do not show Items that net income W the retained earnings column

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