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

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A company has two classes of stock authortzed: 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 180,000 shares of common stock for $28 per share. February 6 Issues 2,300 shares of 8x preferred stock for 512 per share. September 10 Purchases 10, eee shares of its own common stock for $33 per share. December 15 Resells 5, eee shares of treasury stock at $38 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 fleld.) View transaction list Journal entry worksheet Record the issuance of 100,000 shares of common stock for $28 per share, Note: Enter debits before credits General Journal Debit Credit January 02

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