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KAM REVIEW Sayed Help Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect
KAM REVIEW Sayed Help Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations January 2 Issues 100,000 shares of common stock for $35 per share. February 6 Issues 3,000 shares of 8x preferred stock for $11 per share. September 18 Purchases 11,000 shares of its own common stock for $40 per share. December 15. Resells 5,5ee shares of treasury stock at $45 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.) View transaction list Journal entry worksheet Record the issuance of 100,000 shares of common stock for $35 per share. Note: Enter debits before credits Date General Journal Debit Credit January 02, 2021 DIE e 3 ere to search
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