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Exercise 10-7 (Algo) Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) For Feet's Sake has two classes of stock authorized. 8%,$10 par

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Exercise 10-7 (Algo) Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) For Feet's Sake has two classes of stock authorized. 8%,$10 par preferred, and $1 par value common. The following transactions affec stockholders' equity during 2024, its first year of operations: January 2 Issues 10e,000 shares of cormon stock for $23 per share. February 6 Issues 1 , 8ee shares of 8% preferred stock for $12 per share. September 10 Purchases 10 , eee shares of its oun comson stock for $28 per share. December 15 Resells 5 , 000 shares of treasury stock at $33 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.) Journal entry worksheet Record the issuance of 100,000 shares of common stock for $23 per share. the first account field.) Journal entry worksheet Record the issuance of 100,000 shares of common stock for $23 per share. Note: Enter debits before credits Journal entry worksheet Record the issuance of 1,800 shares of 8% preferred stock for $12 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 10,000 shares of its own common stock for $28 per share. Note: Enter debits before credits. Journal entry worksheet 1 Record the resale of 5,000 shares of treasury stock at $33 per share. Note: Enter dobits before credits

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