58 The Golden Mushroom has two classes of stock authorized: 8%, $10 par preferred, and $1...

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58 The Golden Mushroom has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 February 6 Issues 100,000 shares of common stock for $25 per share. Issues 2,000 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $30 per share. December 15 Required: Resells 5,000 shares of treasury stock at $35 per share. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Req the first account field.) Journal entry worksheet < 1 2 3 4 Record the issuance of 100,000 shares of common stock for $25 per share. Note: Enter debits before credits. Date January 02, 2024 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 Record the issuance of 2,000 shares of 8% preferred stock for $12 per share. Note: Enter debits before credits. Date February 06, 2024 D General Journal Debit Credit Journal entry worksheet < 1 2 3m 4 Record the purchase of 10,000 shares of its own common stock for $30 per share. Note: Enter debits before credits. Date September 10, 2024 General Journal Debit Credit Journal entry worksheet 1 2 3 Record the resale of 5,000 shares of treasury stock at $35 per share. Note: Enter debits before credits. Date December 15, 2024 General Journal Debit Credit 58 The Golden Mushroom has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 February 6 Issues 100,000 shares of common stock for $25 per share. Issues 2,000 shares of 8% preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $30 per share. December 15 Required: Resells 5,000 shares of treasury stock at $35 per share. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Req the first account field.) Journal entry worksheet < 1 2 3 4 Record the issuance of 100,000 shares of common stock for $25 per share. Note: Enter debits before credits. Date January 02, 2024 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 Record the issuance of 2,000 shares of 8% preferred stock for $12 per share. Note: Enter debits before credits. Date February 06, 2024 D General Journal Debit Credit Journal entry worksheet < 1 2 3m 4 Record the purchase of 10,000 shares of its own common stock for $30 per share. Note: Enter debits before credits. Date September 10, 2024 General Journal Debit Credit Journal entry worksheet 1 2 3 Record the resale of 5,000 shares of treasury stock at $35 per share. Note: Enter debits before credits. Date December 15, 2024 General Journal Debit Credit