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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 $19 per share. February 6 Issues 1,400 shares of 9% preferred stock for $11 per share: September 10 Purchases 11,000 shares of its own common stock for 324 per share December 15 Resells 5,500 shares of treasury stock at $29 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.) On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 13,000, $4 par, common shares. The market price of the common stock is $33 on this date, Required: 1.2. & 3. Record the necessary Journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.)

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