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A company has the following two classes of stock authorized: 6%, $10 par value preferred and $1 par value common. The following transactions affect stockholders'

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A company has the following two classes of stock authorized: 6%, $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 200,000 shares of common stock for $15 per share. February 6 Issue 1,200 shares of preferred stock for $13 per share. October 18 Purchase 11,800 shares of its own common stock for $18 per share. November 12 Resell 4,000 shares of treasury stock at $24 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.) 3:40 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 Date General Journal Debit Credit Jan 01, 2021 Record entry Clear entry View general Journal November 12 Record each of these transactions. (If no entry is required for a particular trans the first account field.) View transaction list ws :X 1 Record the issuance of 200,000 shares of common stock for $15 per share. share. 2 Record the issuance of 1,200 shares of preferred stock for $13 per share. 3 Record the purchase of 11,000 shares of its own common stock for $18 per share. Credit 4 Record the reselling of 4,000 shares of treasury stock at $24 per share. Note: - Journal entry has been entered Record entry Clear entry View general jou

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