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Finishing touches has two classes of stock authorized: 8%, $10 par preferred, and 51 par value common. The following transactions affect stockholders' equity during 2021,

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Finishing touches has two classes of stock authorized: 8%, $10 par preferred, and 51 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 $17 per share. February 6 Issues 1,200 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $22 per share. December 15 Resells 5,000 shores of treasury stock at $27 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

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