The Clothing Cove has two classes of stock authorized: $9\%,$ $$10$ par preferred, and $$1$ par value common. The followingJanuary $2$ Issues $100,000$ shares of common stock for $$26$ per share.

January $2$ Issues $100,000$ shares $of$ common stock for $$26$ per share.

February $6$ Issues $2,100$ shares $of9p$ preferred stock for $$11$ per share.

September $10$ 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.

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

$1$

$2$

$3$

$4$

Record the issuance of $100,000$ shares of common stock for $$26$ per share.

Record the issuance of $100,000$ shares of common stock for $$26$ per share.

Note: Enter debits before credits.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the purchase of $11,000$ shares of its own common stock for $$31$ per

share.

Note: Enter debits before credits.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the issuance of $2,100$ shares of $9\%$ preferred stock for $$11$ per share.

Note: Enter debits before credits.

Journal entry worksheet

Record the resale of $5,500$ shares of treasury stock at $$36$ per share.

Note: Enter debits before credits.

transactions affect stockholders' equity during $2024,$ its first year of operations:

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

$1$

$2$

$3$

$4$

Record the issuance of $100,000$ shares of common stock for $$26$ per share.

Note: Enter debits before credits.