Question: ters 10-11; Comprehensive Material Saved A company has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions

following transactions affect stockholders' equity during Year 1, 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

ters 10-11; Comprehensive Material Saved A company has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during Year 1, 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 10,000 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 required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet Record the purchase of 10,000 shares of its own common stock for $33 per share. Note: Enter debits before credits. Date General Journal Debit Credit September 10 Record entry Clear entry View general journal Journal entry worksheet

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