A company has the following two classes of stock authorized: 7%, $10 par value preferred and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations:

January		1		Issue 100,000 shares of common stock for $16 per share.
February		6		Issue 900 shares of preferred stock for $14 per share.
October		10		Purchase 9,000 shares of its own common stock for $17 per share.
November		12		Resell 5,000 shares of treasury stock at $23 per share.

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.)

Journal entry worksheet 1 2 3 4 Record the issuance of 100,000 shares of common stock for $16 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2021 Record entry Clear entry View general journal 5 Journal entry worksheet