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30. Diane's Designs has two classes of stock authorized: 7%, $10 par value preferred and $1 par value common. The following transactions affect stockholders' equity
30.
Diane's Designs has two classes of stock authorized: 7%, $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 200,000 shares of common stock for $15 per share. Issue 1,000 shares of preferred stock for $13 per share. February 6 October 10 Purchase 11,000 shares of its own common stock for $18 per share. November 12 Resell 6,000 shares of treasury stock at $24 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 1 2 3 4 Record the issuance of 200,000 shares of common stock for $15 per share. Note: Enter debits before credits. > Journal entry worksheet 1 2 3 4 Record the issuance of 200,000 shares of common stock for $15 per share. Note: Enter debits before credits. Date January 01 Record entry General Journal Clear entry Debit Credit View general journal 1 2 3 4 Record the issuance of 200,000 shares of common stock for $15 per share. Record the issuance of 1,000 shares of preferred stock for $13 per share. Record the purchase of 11,000 shares of its own common stock for $18 per share. Record the reselling of 6,000 shares of treasury stock at $24 per shareStep by Step Solution
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