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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,

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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, its first year of operations: January 2 Issues 100,000 shares of common stock for $33 por share. February 6 Issues 2,800 shares of 7 preferred stock for 513 per share. September 10 Purchases 12,000 shares of its own common stock for $38 per share. December 15 Resells 6,000 shares of treasury stock at $43 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.) View transaction list Journal entry worksheet 3 Record the issuance of 100,000 shares of common stock for $33 per share. Note: Enter debits before credits Debit Credit Date Goneral Journal January 02, 2021 Common Stock Preferred Stock 100,000 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 $33 por share. February 6 Issues 2,800 shares of 7 preferred stock for 513 per share. September 10 Purchases 12,000 shares of its own common stock for $38 per share. December 15 Resells 6,000 shares of treasury stock at $43 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.) View transaction list Journal entry worksheet 3 Record the issuance of 100,000 shares of common stock for $33 per share. Note: Enter debits before credits Debit Credit Date Goneral Journal January 02, 2021 Common Stock Preferred Stock 100,000

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