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Exercise 10-7 (Algo) Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) The Golden Mushroom has two classes of stock authorized: 9%,$10 par

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Exercise 10-7 (Algo) Record issuance of stock and treasury stock transactions (LO10-2, 10-3, 10-4) The Golden Mushroom has two classes of stock authorized: 9%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issues 100,000 shares of common stock for $22 per share. February 6 Issues 1,700 shares, of 92 preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $27 per share. December 15 Resells 5,500 shares of treasury stock at $32 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Requirec the first account field.) Journal entry worksheet 4 Record the issuance of 100,000 shares of common stock for $22 per share. Note: Enter debits before credits

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