Finishing Touches has two classes of stock authorized: 9%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2018, its first year of operations: January 2 Issues 100,000 shares of common stock for $16 per share. February 6 Issues 1,100 shares of 9% preferred stock for $11 per share. September 10 Repurchases 11,000 shares of its own common stock for $21 per share, December 15 Reissues 5,500 shares of treasury stock at $26 per share. Required: Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 Issues 100,000 shares of common stock for $16 per share. Note: Enter debits before credits. Date General Journal Debit Credit January 02, 2018