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E10-6 Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during
E10-6 Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 February 6 September 10 December 15 Issues 100,000 shares of common stock for $35 per share. Issues 3,000 shares of 8% preferred stock for $11 per share. Purchases 11,000 shares of its own common stock for $40 per share. Resells 5,500 shares of treasury stock at $45 per share. Required Record each of these transactions
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