The Golden Mushroom has two classes of stock authorized: $ par preferred, and $ par value common. The following transactions affect stockholders equity during its first year of operations:
January Issues shares of common stock for $ per share.
February Issues shares of preferred stock for $ per share.
September Purchases shares of its own common stock for $ per share.
December Resells shares of treasury stock at $ per share.
Please create balance sheet as shown in the picture for these as well:
January Issues shares of common stock for $ per share.
Issues shares of preferred stock for $ per share. Determine the financial statement effects of February
Purchases shares of its own common stock for $ per share.
Determine the financial statement effects of September
Resells shares of treasury stock at $ per share. Determine the financial statement effects of December
