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Finishing Touches has two classes of stock authorized: 9%, $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: 9%, $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 $22 per share. February 6 Issues 1,700 shares of 9x preferred stock for $11 per share. September 1e Purchases 11,000 shares of its own common stock for 527 per share. December 15 Resells 5,500 shares of treasury stock at $32 per share. ok 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.) nces View transaction list Journal entry worksheet

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