Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $14 per share.

Record the issuance of the stock. How would the entry differ if Gothic issued no-par value stock? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

1. Record the issuance of common stock above the par value.

2. Record the issuance of common stock above the par value.

Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $18 per share.

1. Record the issuance of the preferred shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to purchase 100 shares at a cost of $18 per share.

1. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)