Record the transactions

111

Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common The following transactions affect stockholders' equity during 2018, its first year of operations: January 2 Issues 100,000 shares of common stock for $34 per share. February 6 Issues 2,900 shares of 8% preferred stock for $12 per share. September 10 Repurchases 10,000 shares of its own common stock for $39 per share. December 15 Reissues 5,000 shares of treasury stock at $44 per share