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Diane's Designs has two classes of stock authorized: 9%, $10 par value preferred and s1 par value common. The following transactions affect stockholders' equity during
Diane's Designs has two classes of stock authorized: 9%, $10 par value preferred and s1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 1 Issue 100,000 shares of common stock for $17 per share. February 6 Issue 900 shares of preferred stock for $12 per share. October 10 Purchase 10,000 shares of its own common stock for $15 per Shte. November 12 Resell 5,000 shares of treasury stock at $21 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
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