Diane's Designs has two classes of stock authorized: 8%,$10 par preferred and $1 par value common.The following transactions affect stockholders' equity during 2015,its first year of operations:
January 1 Issue 200,000 shares of common stock for $15 per share.
February 6 Issue 1,000 shares of preferred stock for $11 per share.
October 10 Repurchase 10,000 shares of its own common stock for $18 per share.
November 12 Reissue 5,000 shares of treasury stock at $20 per share.
Record each of these transactions.

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The Answer of Diane's Designs has two classes of stock authorized: 8%,$10 par preferred and $1 par value common.The following transactions affect stockholders' equity during 2015,its first year of operations:
January 1 Issue 200,000 shares of common stock for $15 per share.
February 6 Issue 1,000 shares of preferred stock for $11 per share.
October 10 Repurchase 10,000 shares of its own common stock for $18 per share.
November 12 Reissue 5,000 shares of treasury stock at $20 per share.
Record each of these transactions.

Diane's Designs Has Two Classes of Stock Authorized: 8%,$10 Par