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Diane's Designs has two classes of stock authorized: 796, $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: 796, $10 par value preferred and $1 par value common. The following transactions affect stockholders' equity during 2018, its first year of operations January 1 Issue 200,000 shares of common stock for $13 per share February 6 Issue 1,000 shares of preferred stock for $13 per share October 10 Repurchase 12,000 shares of its own common stock for $13 per share November 12 Reissue 5,000 shares of treasury stock at $23 per share Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Date General Journal Credit Debit 0 1 Jan 01, 2018 Cash 2,600,000 Common stock 200,000 2,400,000 Additional paid-in capital Feb 06, 2018 Cash 13,000 Preferred stock 10,000 Additional paid-in capital 3,000 3Oct 10, 2018 Treasury stock 12,000 Additional paid-in capital 156,000 Cash 168,000 4 Nov 12, 2018 Cash 115,000 Treasury stock Additional paid-in capital 5,000 110,000
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