Anаlyzing аnd Identifying Finаncial Statement Effects оf Stоck Issuances (FSET) On September 1, Magliоlo, Inc., (a) issues 13,500 shares of $10 par value preferred stock at $48 cash per share and (b) issues 90,000 shares of $2 par value common stock at $37 cash per share. Using the financial statement effects template, illustrate the effects of these two issuances. NOTE: Use negative signs with your answers, when appropriate. NOTE: Select "N/A" as your answer if a part of the accounting equation is not affected. Balance Sheet Income Statement Cash Noncash Contributed Earned Net Transaction Asset + Assets = Liabilities + Capital + Capital Revenue - Expenses = Income i. Preferred stock issuance. {#1} {#2} {#3} {#4} {#5} {#6} Preferred stock {#7} {#8} {#9} ii. Common stock issuance. {#10} {#11} {#12} {#13} {#14} {#15} Common stock {#16} {#17} {#18}
Identifying аnd Anаlyzing Finаncial Statement Effects оf Stоck Issuance and Repurchase (FSET) On January 1, Bartоv Company issues 3,000 shares of $100 par value preferred stock at $250 cash per share. On March 1, the company repurchases 3,000 shares of previously issued $1 par value common stock at $78 cash per share. Using the financial statement effects template, illustrate the effects of these two transactions. NOTE: Use negative signs with your answers, when appropriate. NOTE: Select "N/A" as your answer if a part of the accounting equation is not affected. Balance Sheet Income Statement Cash Noncash Contributed Earned Contra Net Transaction Asset + Assets = Liabilities + Capital + Capital - Equity Revenue - Expenses = Income i. Preferred stock issuance. {#1} {#2} {#3} {#4} {#5} {#6} Preferred stock {#7} {#8} {#9} ii. Common stock repurchase. {#10} {#11} {#12} {#13} {#14} {#15} {#16} {#17}