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For Feet's Sake has two classes of stock authorized: 8 % , $ 1 0 par preferred, and $ 1 par value common. The following
For Feet's Sake has two classes of stock authorized: $ par preferred, and $ par value common. The following transactions affect stockholders' equity during its first year of operations: January Issues shares of common stock for $ per share. February Issues shares of preferred stock for $ per share. September Purchases shares of its own common stock for $ per share. December Resells shares of treasury stock at $ per share. Required: Record each of these transactions. If no entry Is required for a particular transactionevent select No Journal Entry Required" In the first account fleld. Journal entry worksheet Record the issuance of shares of common stock for $ per share. Note: Enter debits before credits. tableDateGeneral Journal,Debit,CreditJanuary
For Feet's Sake has two classes of stock authorized: $ par preferred, and $ par value common. The following transactions affect stockholders' equity during its first year of operations:
January Issues shares of common stock for $ per share.
February Issues shares of preferred stock for $ per share.
September Purchases shares of its own common stock for $ per share.
December Resells shares of treasury stock at $ per share.
Required:
Record each of these transactions. If no entry Is required for a particular transactionevent select No Journal Entry Required" In the first account fleld.
Journal entry worksheet
Record the issuance of shares of common stock for $ per share.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditJanuary
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