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Diane's Designs has two classes of stock authorized: 9%,$10 par value...

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Accounting

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Diane's Designs has two classes of stock authorized: 9%,$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 $16 per share. Pebruary 6 Issue 1,100 shares of preferred stock for $12 per share. October 10 Purchase 9,000 shares of its own common stock for $16 per share. November 12 Rese11 5,000 shares of treasury stock at $21 per share

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