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A company has two classes of stock authorized: 9%, $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during Year

A company has two classes of stock authorized: 9%, $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 $29 per share.
February 6 Issues 2,400 shares of 9% preferred stock for $11 per share.
September 10 Purchases 11,000 shares of its own common stock for $34 per share.
December 15 Resells 5,500 shares of treasury stock at $39 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.)

a.Record the issuance of 100,000 shares of common stock for $29 per share.

b.Record the issuance of 2,400 shares of 9% preferred stock for $11 per share.

c.Record the purchase of 11,000 shares of its own common stock for $34 per share.

d.Record the resale of 5,500 shares.

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