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of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2018, its rst year of operations

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of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2018, its rst year of operations January 2 Issues 100,000 shares of common stock for $18 per share February 6 Issues 1,300 shares of 7% preferred stock for S 13 per share September 10 Purchases 12,000 shares of its own common stock for $23 per share. December 15 Reissues 6,000 shares of treasury stock at $28 per share. Required: Record each of those transactions. (If no entry is required for a transactionevent, select-No journal entry required" in the first account feld.) Journal entry worksheet Issues 100,000 shares of cemmon stock for $18 per share ote Enter debits before ts January 02. 2018 Record entry Clear entry

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