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The Golden Mushroom has two classes of stock authorlzed: 8%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024,
The Golden Mushroom has two classes of stock authorlzed: 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 $28 per share. February 6 Issues 2,300 shares of 8\% preferred stock for \$12 per share. September 10 Purchases 10,600 shares of its own common stock for $33 per share. December 15 Resells 5,000 shares of treasury stock at \$38 per share. Required: Record each of these transactions. (If no entry is requlred for a particular transactlon/event, select "No Journal Entry Requlred" In the first account field.) Journal entry worksheet Record the issuance of 100,000 shares of common stock for $28 per share. Note: Enter debits before credits
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