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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 2024,

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 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 2024, its first year of operations: January 1 Issue 300,000 shares of common stock for $15 per share. February 6 Issue 900 shares of preferred stock for $15 per share. October 10 Purchase 8,000 shares of its own common stock for $17 per share. November 12 Resell 4,000 shares of treasury stock at $21 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.) Journal entry worksheet Record the issuance of 300,000 shares of common stock for $15 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 900 shares of preferred stock for $15 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 8,000 shares of its own common stock for $17 per share. Note: Enter debits before credits. Journal entry worksheet 1 Record the reselling of 4,000 shares of treasury stock at $21 per share. Note: Enter debits before credits

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