Exercise 10-6B Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) A company has two classes of stock authorized: 8%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during Year 1, its first year of operations January 2 Issues 109,000 shares of common stock for $20 per share. February 6 Issues 1,500 shares of 8% preferred stock for $12 per share. September 10 purchases 10,000 shares of its own common stock for $25 per share. December 15 Resells 5,000 shares of treasury stock at $30 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 SA 2 3 4 Record the issuance of 100,000 shares of common stock for $20 per share. Note: Enter debits before credits Date General Journal Debit Credit January 02 Record entry Clear entry View general journal