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  3. for feet's sake has two classes of stock authorize

For Feet's Sake has two classes of stock authorized: 8%,$10 par preferred, and $1 par...

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Accounting

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For Feet's Sake 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 Insues 100,000 tharen of comaon stock for $23 per share. February 6 Issues 1,800 shares of 81 preferred stock for $12 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 entrv worksheet Journal entry worksheet Record the issuance of 100,000 shares of common stock for $23 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 1,800 shares of 8% preferred stock for $12 per share. Note: Enter debits before credits

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