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 $31 per share.
February 6		Issues 2,600 shares of 8% preferred stock for $12 per share.
September 10		Purchases 10,000 shares of its own common stock for $36 per share.
December 15		Resells 5,000 shares of treasury stock at $41 per share.

Required: Record each of these transactions.

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 $31 per share. February 6 Issues 2,600 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $36 per share. December 15 Resells 5,000 shares of treasury stock at $41 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.) 1 Record the issuance of 100,000 shares of common stock for $31 per share. share. 2 Record the issuance of 2,600 shares of 8% preferred stock for $12 per share. 3 Record the purchase of 10,000 shares of its own common stock for $36 per share. 4 Record the resale of 5,000 shares of treasury stock at $41 per share