Indicate how each of the following transactions affects the financial statements model,below:
a)Issued 40,000 shares of common stock with a $20 par value for cash of $25 per share.
b)Purchased 400 shares of treasury stock (common stock)at $30 per share.
c)Resold 100 shares of the treasury stock at $35 per share.

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The Answer of Indicate how each of the following transactions affects the financial statements model,below:
a)Issued 40,000 shares of common stock with a $20 par value for cash of $25 per share.
b)Purchased 400 shares of treasury stock (common stock)at $30 per share.
c)Resold 100 shares of the treasury stock at $35 per share.

Indicate How Each of the Following Transactions Affects the Financial