Question: TB EX Qu. 10-162 (Algo) Diane's Designs has two classes of stock... Diane's Designs has two classes of stock authorized: 7%,$10 par value preferted and

 TB EX Qu. 10-162 (Algo) Diane's Designs has two classes of
stock... Diane's Designs has two classes of stock authorized: 7%,$10 par value

TB EX Qu. 10-162 (Algo) Diane's Designs has two classes of stock... Diane's Designs has two classes of stock authorized: 7%,$10 par value preferted and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January I Ianue 200,000 sbares of combon stock for $15 per olare. Pebruary 6 tasue 1,100 shares of preforred stock for $12 per ahare. Oetober 10 Purchase 11,000 sbaren of ite own common otoek for $14 per mhare. November 12 nesel1 4,000 shares of treasury stock at 523 per alare. 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 200,000 shares of common stock for $15 per share. Note: Enter debits before credes. 1 Record the issuance of 200,000 shares of common stock for $15 per share. 2 Record the issuance of 1,100 shares of preferred stock for $12 per share. 3 Record the purchase of 11,000 shares of its own common stock for $14 per share. 4 Record the reselling of 4,000 shares of treasury stock at $23 per share

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