Diane's Designs has 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 $16 per share.
February		6		Issue 1,100 shares of preferred stock for $14 per share.
October		10		Purchase 11,000 shares of its own common stock for $18 per share.
November		12		Resell 5,000 shares of treasury stock at $20 per share.

Record each of these transactions.

Journal entry worksheet Record the issuance of 200,000 shares of common stock for $16 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2021 Record the issuance of 1,100 shares of preferred stock for $14 per share. Note: Enter debits before credits. Date General Journal Debit Credit Feb 06, 2021