Dianes Designs has two classes of stock authorized 8%, $10 par value preferred and $1...
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Dianes Designs has two classes of stock authorized 8%, $10 par value preferred and $1 per value common. The following transaction affect stockholders equity during 2018, its first year of operations:
January 1 Issue 200,000 shares of common stock for $17 per share.
February 6 Issue 1,000 shares preferred stock for $11 per share.
October 10 Repurchase 11,000 shares of its own common stock for $16 per share.
November 12 Reissue 5,000 shares of treasury stock at $24 per share.
Record each of these transactions (if no entry is required for a transaction/event, select No journal entry required in the first account field.)
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