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I need help with the 4 journal entries thanks Finishing Touches has two classes of stock authorized: 9%, $10 par preferred, and $1 par value
I need help with the 4 journal entries thanks
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 $24 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.) View transaction list Journal entry worksheet Record the issuance of 100,000 shares of common stock for $19 per share. Journal entry worksheet 3 4Step by Step Solution
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