Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $ 1 par value common. The following transactions affect stockholders’ equity during 2012, 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 10 Repurchases 10,000 shares of its own common stock for $30 per share.
December 15 Reissues 5,000 shares of treasury stock at $35 per share.
Required: Record each of these transactions.