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Save & Exit Submit Help Saved O Homework eck my work mode : This shows what is correct or incorrect for the work you have
Save & Exit Submit Help Saved O Homework eck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Finishing Touches has two classes of stock authorized: 8 %, $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 $25 per share. February 6 Issues 2,000 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $30 per share. December 15 Resells 5,000 shares of treasury stock at $35 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.) Answer is not complete. Crodit Debit General Journal Date No 2,500,000 Cash January 02, 2021 1 2,400,000 100,000 Additional Paid-in Capital Common Stock
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