TB EX Qu$.10-162($Algo$)$ Diane's Designs has two classes of stock...

Diane's Designs has two classes of stock authorized: $7\%,$$$10$ par value preferred and $$1$ par value common. The following transactions affect stockholders' equity during $2024,$ its first year of operations:

January $1$ Issue $300,000$ shares of common stock for $$13$ per share.

February $6$ Issue $900$ shares of preferred stock for $$13$ per share.

October $10$ Purchase $10,000$ shares of its own comon stock for $$17$ per share.

November $12$ Rese$114,000$ shares of treasury stock at $$24$ 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

$1,2,3,$

$,2,$

Record the issuance of $300,000$ Whares of common stock for $$13$ per share.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,$Common Stock,,$],[,,,],[,,,],[,,,],[,,,]]$

Prev

$6$ of $11$

Next