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

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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 $25 per share.
February 6 Issues 2,000 shares of 8% preferred stock for $12 per share.
September 10 Purchases 10,000 shares of its own common stock for $30 per share.
December 15 Resells 5,000 shares of treasury stock at $35 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
Record the purchase of 10,000 shares of its own common stock for $30 per
share.
Note: Enter debits before credits.
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