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URGENT 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
URGENT 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: Janoary 2 Issues 100,000 shares of common stock for $16 per share. February 6 Tssues 1,100 shares of 9 preferred stock for $11 per share. Septeaber 10 Purchases 11,000 shares of its oun connon stock for $21 per share. Decenber 15 Resells 5,500 shares of treasury stock at 526 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journol Entry Required" in the first account field.) Journal entry worksheet 4 Record the issuance of 100,000 shares of common stock for 16 per share
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