Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value...

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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 Issues 100,000 shares of common stock for $28 per share. February 6 Issues 2,300 shares of 8 preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $33 per share. December 15 Resells 5,000 shares of treasury stock at $38 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.) Answer is complete but not entirely correct. No 1 Date January 02, 2021 General Journal Cash Common Stock Additional Paid-in Capital 2 February 06, 2021 Cash Preferred Stock Additional Paid-in Capital 3 September 10, 202 Treasury Stock Cash. Debit Credit 2,300,000 1,000,000 x 2,200,000 21,600 18,000 3,600 280,000 280,000 < Prev 4 of 9 Next > 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 Issues 100,000 shares of common stock for $28 per share. February 6 Issues 2,300 shares of 8 preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $33 per share. December 15 Resells 5,000 shares of treasury stock at $38 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.) Answer is complete but not entirely correct. No 1 Date January 02, 2021 General Journal Cash Common Stock Additional Paid-in Capital 2 February 06, 2021 Cash Preferred Stock Additional Paid-in Capital 3 September 10, 202 Treasury Stock Cash. Debit Credit 2,300,000 1,000,000 x 2,200,000 21,600 18,000 3,600 280,000 280,000 < Prev 4 of 9 Next >