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Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. 1 affect stockholders' equity during 2024, its


Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. 1 affect stockholders' equity during 2024, its first year of operations: January 2 February 6 Issues 100,000 shares of common stock for $35 per share. 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 J the first account field.)

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