Please show how to calculate each answer and I'm not certain if my journal entries...
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Accounting
Please show how to calculate each answer and I'm not certain if my journal entries are correct, thank you!
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 $28 per share. February 6 Issues 2,300 shares of 88 preferred stock for $12 per share. September 10 Purchases 10,000 shares of its own common stock for $33 per share. December 15 Resells 5,000 shares of treasury stock at $38 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Require in the first account field.)
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