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The Clothing Cove has two classes of stock authorized: 9%,$10 par preforred, 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: 9%,$10 par preforred, and $1 par value common, The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issues 100 ,eeg shares of comnon stock for $26 per share. February 6 Issues 2,100 shares of 95 preferred stock for $11 per share. Septenber io Purchases 11,000 shares of 1t s om connon stock for $31 per share. Decenber 15 Reselts 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 Record the purchsse of 11,000 shares of its own common stock for $31 per share. Note finer debes betore credits. Journal entry worksheet 1 Record the resale of 5,500 shares of treasury stock at $36 per share. Note: Enter debits before credits

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