Exercise 10-7 (Static) 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 2024, its first year of operations: January 2 Issues 100,000 shares of comnon stock for $35 per share. February 6 Issues 3,000 shares of 8 s preferred stock for $11 per share. Septenber 10 Purchases 11,000 shares of its own common stock for $40 per share. Decenber 15 Reselts 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.) Journal entry worksheet Record the issuance of 100,000 shares of common stock for $35 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 3,000 shares of 8% preferred stock for $11 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 11,000 shares of its own common stock for $40 per share. Note: Enter debits before credits. Journal entry worksheet 1 Record the resale of 5,500 shares of treasury stock at $45 per share. Note: Enter debits before credits