Equity transactions. Presented below is information related to Wyrick Company:

Equity transactions.

Presented below is information related to Wyrick Company:

1. The company is granted a charter that authorizes issuance of 15,000 shares of $100 par value preferred stock and 40,000 shares of no-par common stock.

2. 9,000 shares of common stock are issued to the founders of the corporation for landvalued by the board of directors at $300,000. The board establishes a stated value of $10a share for the common stock.

3. 6,000 shares of preferred stock are sold for cash at $110 per share.

4. The company issues 150 shares of common stock to its attorneys for costs associatedwith starting the company. At that time, the common stock was selling at $60 per share.

5. On Jan 1st, the company repurchases 1,000 shares of its stock for $75 per share

6. On March 1st, the company reissues 500 shares of ist Treasury Stock for $80 pershare

7. On May 1st, the Company reissues 300 shares of its Treasury Stock for $65

Instructions

Prepare the general journal entries necessary to record these transactions.

Thanks in advance for the help!