1 ts ebook H 14 10 Print A company has two classes of stock authorized: 9%...
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1 ts ebook H 14 10 Print A company has two classes of stock authorized: 9% $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during Year 1, its first year of operations: January 2 Issues 100,000 shares of common stock for $19 per share. February 6 Issues 1,400 shares of 9% preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $24 per share. December 15 Resells 5,500 shares of treasury stock at $29 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet References 2 3 4 Record the issuance of 100,000 shares of common stock for $19 per share. Note: Enter debts before credits Date January 021 General Journal Debit Credit 1 ts ebook H 14 10 Print A company has two classes of stock authorized: 9% $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during Year 1, its first year of operations: January 2 Issues 100,000 shares of common stock for $19 per share. February 6 Issues 1,400 shares of 9% preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $24 per share. December 15 Resells 5,500 shares of treasury stock at $29 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet References 2 3 4 Record the issuance of 100,000 shares of common stock for $19 per share. Note: Enter debts before credits Date January 021 General Journal Debit Credit
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