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Journal entry worksheet Record the purchase of 11,000 shares of its own common stock for $40 per share. Note: Enter debits before credits. Journal entry
Journal entry worksheet Record the purchase of 11,000 shares of its own common stock for $40 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 100,000 shares of common stock for $35 per share. Note: Enter debits before credits. Journal entry worksheet Record the resale of 5,500 shares of treasury stock at $45 per share. Note: Enter debits before credits. Finishing Touches has two classes of stock authorized: 8%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issues 100,000 shares of common stock for $35 per share. February 6 Issues 3,000 shares of 8% preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $40 per share. December 15 Resells 5,500 shares of treasury stock at $45 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.) Journal entry worksheet 34 Record the issuance of 100,000 shares of common stock for $35 per share. Journal entry worksheet Record the issuance of 3,000 shares of 8% preferred stock for $11 per share. Note: Enter debits before credits
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