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finishing touches has two classes a stock authorized: 8%, $10 per preferred and a one dollar par value common December Finishing Touches has two classes
finishing touches has two classes a stock authorized: 8%, $10 per preferred and a one dollar par value common
December Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Tanus 100,000 shares of common stock for $25 per share. February 6 Thues 2,000 shares of 8t preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $30 per share. December 15 Resells 5,000 shares of treasury atock at $35 per share. In its first at the end all preferre 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.) Required: Prepare the December View transaction list Journal entry worksheet 2 3 Record the issuance of 100,000 shares of common stock for $25 per share. Sto CC Pr Note: Enter debits before credits Debit General Journal Credit TE Date January 02, 2021 TE View transaction list Journal entry worksheet Step by Step Solution
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