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 $35 per share.
February		6		Issues 3,000 shares of 8% preferred stock for $11 per share.
September		10		Purchases 11,000 shares of its own common stock for $40 per share.
December		15		Resells 5,500 shares of treasury stock at $45 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.):

1. Record the issuance of 100,000 shares of common stock for $35 per share.

2. Record the issuance of 3,000 shares of 8% preferred stock for $11 per share.

3. Record the purchase of 11,000 shares of its own common stock for $40 per share.

4. Record the resale of 5,500 shares