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answrr asap TB EX Qu. 10-162 (Algo) Diane's Designs has two classes...

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Accounting

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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 preferred and \$1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 1 Issue 200,000 shares of common stock for $18 per share. February 6 Issue 1,100 shares of preferred stock for $14 per share. October 10 Purchase 11,000 shares of its own common stock for $18 per share. November 12 Resell 4,000 shares of treasury stock at $21 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.) Journal entry worksheet 2 4 Record the issuance of 200,000 shares of common stock for $18 per share. Note: Enter debits before credits

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