On January 1, 2018 Luke Networking Solutions started business. On January 1, 2018, it issued stock for cash. Luke's balance sheet at December 31, 2018, showed (Click the icon to view the stockholders' equity balances.) During 2018, Luke (Click the icon to view the 2018 transactions.) Read the requirement. Requirement 1. Joumalize all of Luke's stockholders' equity transactions during the year. (Record debits first, then credits. Exclude explanations from any journal ent a. Issued stock for $7 per share. Data Table Common stock, $1 par Additional paid-in capital Retained earnings S 54,000 324,300 46,000 (2,800) S 421,500 Treasury stock, 200 shares Total stockholders' equity Date Journal Entry Accounts Debit Credit b. Purchased 500 shares of treasury stock, paying $14 per share. Date Journal Entry Accounts c. Resold some of the treasury stock. Journal Entry More Info Print Done a. issued stock for $7 per share. b. purchased 500 shares of treasury stock, paying $14 per share. c. resold some of the treasury stock. d. declared and paid cash dividends. Debit Credit Print Done