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Diane's Designs has two classes of stock authorized: 7%, $10 par value preferred and $1 par value common. The following transactions affect stockholders' equity during
Diane's Designs has two classes of stock authorized: 7%, $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 $15 per share. February 6 Issue 1,200 shares of preferred stock for $14 por share. October 10 Purchase 11,000 shares of its own common stock for $15 per share November 12 Resell 6,000 shares of treasury stock at $24 per share. 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.) View transaction list Journal entry worksheet 1 2 3 4 > Record the issuance of 200,000 shares of common stock for $15 per share. Note Enter debits before credits General Journal Dobit Credit Dato Jan 01, 2021
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