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13 Diane's Designs has two classes of stock authorized: 8%, $10 par value preferred and $1 par value common. The following transactions affect stockholders'
13 Diane's Designs has two classes of stock authorized: 8%, $10 par value preferred and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 1 Issue 188,888 shares of common stock for $13 per share. February 6 Issue 988 shares of preferred stock for $13 per share. October 10 Purchase 11,088 shares of its own common stock for $13 per share. November 12 Resell 5,888 shares of treasury stock at $25 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 st Journal entry worksheet 2 3 4 Record the issuance of 100,000 shares of common stock for $13 per share. Note Enter debits before credits Date January 01 General Journal Debit Credit Recordandry Clear entry View general journal
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