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The Clothing Cove has two classes of stock authorized: 7%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024,

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The Clothing Cove has two classes of stock authorized: 7%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issues 100,000 shares of conmon stock for $18 per share. February 6 Issues 1,300 shares of 78 preferred stock for $13 per share. September 16 Purchases 12,000 shares of its own common stock for $23 per share. December 15 Reselts 6,000 shares of treasury stock at $28 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" the first account field.) Journal entry worksheet Record the issuance of 100,000 shares of common stock for $18 per share, Note: Enter debits before credits

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