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 $$19$ per share.

February $6$ Issues $1,400$ shares of $9\%$ preferred stock for $$11$ 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 issuance of $100,000$ shares of common stock for $$19$ per share.

Note: Enter debits before credits.