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Exercise 10-6A Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) Finishing Touches has two classes of stock authorized: 8%, $10 par preferred,
Exercise 10-6A Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) 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 Issues 100,000 shares of common stock for $35 per share. February 6 Issues 3,000 shares of 8 preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $40 per share. December 15 Resells 5,500 shares of treasury stock at $45 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.) View transaction list Journal entry worksheet < 1 2 3 4 Record the issuance of 100,000 shares of common stock for $35 per share. Note: Enter debits before credits. Date January 02, 2021 General Journal Debit Credit 42 Exercise 10-6A Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transaction affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $35 per share. February 6 Issues 3,000 shares of 8 preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $40 per share. December 15 Resells 5,500 shares of treasury stock at $45 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" the first account field.) View transaction list Journal entry worksheet ces < 1 3 4 Record the issuance of 3,000 shares of 8% preferred stock for $11 per share. Note: Enter debits before credits. Date February 06, 2021 General Journal Debit Credit 03:28:30 Book Hint Print Exercise 10-6A Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) 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 Issues 100,000 shares of common stock for $35 per share. February 6 Issues 3,000 shares of 83 preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $40 per share. December 15 Resells 5,500 shares of treasury stock at $45 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.) View transaction list Journal entry worksheet Merences < 1 2 4 Record the purchase of 11,000 shares of its own common stock for $40 per share. Note: Enter debits before credits. Date September 10, 2021 General Journal Debit Credit 28:18 ook- int Print erences Exercise 10-6A Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) 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 Issues 100,000 shares of common stock for $35 per share. February 6 Issues 3,000 shares of 8 preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $40 per share. December 15 Resells 5,500 shares of treasury stock at $45 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.) View transaction list Journal entry worksheet < 1 2 Record the resale of 5,500 shares. Note: Enter debits before credits. Date December 15, 2021 General Journal Debit Credit
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