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Exercise 10-7 (Algo) Record issuance of stock and treasury stock transactions For Feet's Sake has two classes of stock authorized: 76,$10 par preferred, and $1
Exercise 10-7 (Algo) Record issuance of stock and treasury stock transactions For Feet's Sake has two classes of stock authorized: 76,$10 par preferred, and $1 par value common, The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issues. 109,000 shares of comnon stock for $33 per share. February 6 Issues 2,890 shares of 71 preferred 5 tock for $13 per share. Septenber 10 Purchases 12,000 shares of its own consion stock for $38 per share. Decenber 15 Resells 6,00 e shares of treasury stock at $43 per share. Required: Record each of these transactions: (If no entry is required for a particular transection/event, select "No Journal Entry Required" in the first account field.] Journal entry worksheet 4 Aecord the issuance of 100,000 shares of common stock for $33 per share. Record the issuance of 2,800 shares of 7% preferred stock for $13 per share. Note: Inter debits before creds. Journal entry worksheet Record the purchase of 12,000 shares of its own common stock for $38 per share. Note: Enter debits before credits. Journal entry worksheet 1 Record the resale of 6,000 shares of treasury stock at $43 per share. Note: Enter debits before credits
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