Hey Dude Clothing Company issues 1,000 shares of $1 par value common stock at $24 per share. Later in the year, the company decides to purchase 100 shares at a cost of $27 per share.    Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

A company resells 400 shares of its own common stock for $20 per share. The company had acquired these shares two months before for $15 per share. The resale of this stock would be recorded with a:Multiple ChoiceCredit to Treasury Stock for $8,000.Debit to Common Stock for $8,000.Debit to Additional Paid-in Capital for $2,000.Credit to Additional Paid-in Capital for $2,000.

The Clothing Cove has two classes of stock authorized: 7%, $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 $18 per share.February 6 Issues 1,300 shares of 7% preferred stock for $13 per share.September 10 Purchases 12,000 shares of its own common stock for $23 per share.December 15 Resells 6,000 shares of treasury stock at $28 per share.Required:Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $31 per share. Later in the year, the company decides to purchase 100 shares at a cost of $34 per share.Record the transaction if California Surf resells the 100 shares of treasury stock at $36 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

A company issues 1 million shares of common stock with a par value of $0.11 for $15.90 a share. The entry to record this transaction includes a debit to Cash for:Multiple Choice$110,000 and a credit to Common Stock for $110,000.$15,900,000 and a credit to Common Stock for $15,900,000.$15,900,000, a credit to Common Stock for $110,000, and a credit to Additional Paid-in Capital for $15,790,000.$110,000, a debit to Capital Receivable for $15,790,000, a credit to Common Stock for $110,000, and a credit to Additional Paid-in Capital for $15,790,000.

A company issues 1,030 shares of its common stock for $30,900 cash. Prepare journal entries to record this event under each of the following separate situations.The stock has neither par value nor stated value.The stock has a $1 stated value.The stock has a $2 par value.