Answer:
Date Account title and Explanation Debit Credit
Jan-01 Cash (200,000*$15) 3,000,000
Common stock (200,000*$1) 200,000
Paid in capital in excess of par - 2,800,000
Common stock
(To record issue of 200,000 shares for $15)
Feb-06 Cash (1,000*$11) 11,000
Preferred stock (1,000*$10) 10,000
Paid in capital in excess of par 1,000
- Preferred stock
(To record issue of 1,000 shares for $11)
Oct-10 Treasury stock (10,000*$18) 180,000
Cash 180,000
(To record repurchase of 10,000 shares for $18)
Nov-12 Cash (5,000*$20) 100,000
Treasury stock (5,000*$18) 90,000
Paid in capital in excess of par 10,000
- Treasury stock
(To record reissue of 5,000 treasury stock for $20)