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The Golden Mushroom has two classes of stock authorized: 8%, $10 par preferred, and $1...

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Accounting

The Golden Mushroom 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 Issues 100,000 shares of common stock for $31 per share.
February 6 Issues 2,600 shares of 8% preferred stock for $12 per share.
September 10 Purchases 10,000 shares of its own common stock for $36 per share.
December 15 Resells 5,000 shares of treasury stock at $41 per share.
Please create balance sheet as shown in the picture for these as well:
-January 2 Issues 100,000 shares of common stock for $31 per share.
-Issues 2,600 shares of 8% preferred stock for $12 per share. Determine the financial statement effects of February 6.
-Purchases 10,000 shares of its own common stock for $36 per share.
-Determine the financial statement effects of September 10.
Resells 5,000 shares of treasury stock at $41 per share. Determine the financial statement effects of December 15.
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