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Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021,
Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $15 per share. February 6 Issues 1,000 shares of 78 preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $20 per share. December 15 Resells 6,000 shares of treasury stock at $25 per share. ts 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.) eBook 18 Hint View transaction list Journal entry worksheet Print Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $15 per share. February 6 Issues 1,000 shares of 78 preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $20 per share. December 15 Resells 6,000 shares of treasury stock at $25 per share. Es 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.) eBook Hint View transaction list Print Journal entry worksheet eferences Record the issuance of 1,000 shares of 7% preferred stock for $13 per share. Note: Enter debits before credits General Journal Debit Credit Date February 06, 2021 nc Craw 7 Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: 2021 , 13 list year of January 2 Issues 100,000 shares of common stock for $15 per share. February 6 Issues 1,000 shares of 78 preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $20 per share. December 15 Resells 6,000 shares of treasury stock at $25 per share. s 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.) Book Hint View transaction list Print Journal entry worksheet 1 2 3 4 o erences > Record the purchase of 12,000 shares of its own common stock for $20 per share. Note: Enter debits before credits General Journal Debit Credit Date September 10, 2021 7 Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: 14 points January 2 Issues 100,000 shares of common stock for $15 per share. February 6 Issues 1,000 shares of 78 preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $20 per share. December 15 Resells 6,000 shares of treasury stock at $25 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.) eBook Hint View transaction list Journal entry worksheet Print References Record the resale of 6,000 shares. Note: Enter debits before credits Date General Journal Debit Credit December 15, 2021 MC Graw Hill
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