The Clothing Cove has two classes of stock authorized: 9%, $10 par preferred, and $1 par...

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The Clothing Cove has two classes of stock authorized: 9%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 February 6 Issues 100,000 shares of common stock for $26 per share. Issues 2,100 shares of 98 preferred stock for $11 per share. Purchases 11,000 shares of its own common stock for $31 per share. December 15 Resells 5,500 shares of treasury stock at $36 per share. September 10 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.) View transaction list Journal entry worksheet < 1 2 3 4 Record the issuance of 100,000 shares of common stock for $26 per share. Note: Enter debits before credits. Date January 02, 2024 General Journal Debit Credit www Next > The Clothing Cove has two classes of stock authorized: 9%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 February 6 Issues 100,000 shares of common stock for $26 per share. Issues 2,100 shares of 98 preferred stock for $11 per share. Purchases 11,000 shares of its own common stock for $31 per share. December 15 Resells 5,500 shares of treasury stock at $36 per share. September 10 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.) View transaction list Journal entry worksheet < 1 2 3 4 Record the issuance of 100,000 shares of common stock for $26 per share. Note: Enter debits before credits. Date January 02, 2024 General Journal Debit Credit www Next >