The Golden Mushroom has two classes of stock authorized: $8\%,$$$10$ par preferred, and $$1$ par value common. The following

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

January $2$ Issues $100,000$ shares of common stock for $$25$ per share.

February $6$ Issues $2,000$ shares of $8\%$ preferred stock for $$12$ per share.

September $10$ Purchases $10,000$ shares of its own common stock for $$30$ per share.

December $15$ Resells $5,000$ shares of treasury stock at $$35$ 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

$2$

Record the purchase of $10,000$ shares of its own common stock for $$30$ per

share.

Note: Enter debits before credits.