The Golden Mushroom 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 $2$ Issues $100,000$ shares $of$ common stock for $$16$ per share.

February $6$ Issues $1,100$ shares $of9\%$ preferred stock for $$11$ per share.

September $10$ Purchases $11,000$ shares $of$ its own common stock for $$21$ per share.

December $15$ Resells $5,500$ shares $of$ treasury stock $at$ $$26$ 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

erences

$1$

$2$

$3$

$4$

Record the resale of $5,500$ shares of treasury stock at $$26$ per share.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $15,2024,,,],[,,,],[,,,]]$