A company has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during Year 1, its first year of operations:

January 2 Issues 100,000 shares of common stock for $34 per share.

February 6 Issues 2,900 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $39 per share.

December 15 Resells 5,000 shares of treasury stock at $44 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.)

• Record the issuance of 100,000 shares of common stock for $34 per share.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
January 02

• Record the issuance of 2,900 shares of 8% preferred stock for $12 per share.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
February 06

• Record the purchase of 10,000 shares of its own common stock for $39 per share.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
September 10

• Record the resale of 5,000 shares.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 15