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Journalizing issuance of stock-at par and at a premium Learning Objective 2 Coastal Corporation has two classes of stock: common, $4 par value; and preferred, $5 par value. Journalize Coastal's issuance of 5, 500 shares of common stock for $10 per share. Journalize Coastal's issuance of 5, 500 shares of preferred stock for a total of $27, 500. Journalizing issuance of stock-no-par Learning Objective 2 Ashford Corporation issued 10,000 shares of no-par common stock for $5 per share on March 13. Record the stock issuance. Journalizing issuance of stock-stated value Learning Objective 2 Turner Corporation issued 6, 500 shares of $3 stated value common stock for $11 per share on July 7. Record the stock issuance. Journalizing issuance of stock for assets other than cash Learning Objective 2 Miller Corporation issued 30,000 shares of $1 par value common stock in exchange for a building with a market value of $160,000. Record the stock issuance. Accounting for the purchase and sale of treasury stock Learning Objective 3 Bottom Dollar Furniture, Inc. completed the following treasury stock transactions in 2016: Journalize these transactions. Explanations are not required. How will Bottom Dollar Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2016