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

question 1

Essay

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 2012, its first year of operations: January 1 $\quad$$\quad$ Issue 200,000 shares of common stock for $\$ 15$ per share.
February 6 $\quad$$\quad$ Issue 1,000 shares of preferred stock for $\$ 11$ per share.
October 10 $\quad$$\quad$ Repurchase 10,000 shares of its own common stock for $18 per share.
November 12 $\quad$ Reissue 5,000 shares of treasury stock at $\$ 20$ per share. Record each of these transactions.

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Definitions:

Delayed Ejaculation

A marked delay in or inability to ejaculate, usually during partnered sexual activity.

Oral Stimulation

The act of providing or receiving sexual pleasure through the mouth.

Sexual Intercourse

The movement of bodies while the penis is in the vagina. Sometimes also called vaginal intercourse or penile-vaginal intercourse. Sometimes penile-anus behavior is considered sexual intercourse.

Premature Ejaculation

A sexual dysfunction characterized by ejaculation that occurs sooner than desired, either before or shortly after sexual penetration.