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8 Finishing Touches has two classes of stock authorized: 7% 510 par preferred, and $1 par value common. The following transactions affect stockholders' equity during

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8 Finishing Touches has two classes of stock authorized: 7% 510 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations. January 2 Issues 100,000 shares of common stock for $21 per share. February 6 Issues 1,600 shares of 7% preferred stock for $1 per share. September 10 Purchases 12,000 shares of its own common stock for $26 per share. December 15 Resells 6,000 shares of treasury stock at 531 per share. 359/1 onts awarded Required: Record each of these transactions. If no entry is required for a particular transaction/event, select "No Journal Entry Required in Scored the first account field.) No Credit 1 Date General Journal January 02, 2021 Cash Common Stock Additional Paid-in Capital OO Debit 3,000,000 100,000 2.900.000 @ 2 32,500 February 06, 2021 Cash Preferred Stock Additional Paid-in Capital OOO 25,000 7,500 3 September 10, 204 Treasury Stock Cash 420,000 420,000 4 240,000 December 15, 202 Cash Treasury Stock Additional Paid in Capital oo 210,000 30,000

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