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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 ISO 100,000 shares of common stock for $24 per share. February 6 Issue 1,900 shares of 7 preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $29 per share. December 15 Resells 6,000 shares of treasury stock at $34 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.) No Doba Credit 1 Answer is complete but not entirely correct. Date General Journal January 02, 2021 Cash 2.400.000 Common Stock Additional Paid-in Capital 100.000 2,300,000 2 13.300 February 06, 2021 Cash Preferred Stock Additional Paid-in Capital OOO 24,700 20.000 Answer is complete but not entirely correct. No Date General Journal Debit 1 Credit January 02, 2021 Cash Common Stock Additional Paid-in Capital 2.400,000 100,000 2,300,000 2 February 06, 2021 Cash Preferred Stock Additional Paid-in Capital 13,300 0 24,700 26,000 3 September 10, 20: Treasury Stock Cash 348,000 >S 348,000 4 204,000 December 15, 202 Cash Treasury Stock Additional Paid-in Capital 000 174,000 378,000

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