Finishing Touches has two classes of stock authorized: 8%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2010, its first year of operations:


January 2 Issue 100,000 shares of common stock for $25 per share.
February 6 Issue 2,000 shares of 8% preferred stock for $12 per share.
September 10 Repurchase 10,000 shares of its own common stock for $30 per share.
December 15 Reissue 5,000 shares of treasury stock at $35 per share.

find the preffered stock on Feb 6 and the treasury stock on Dec 15

To find the preferred stock issued on February 6 and the treasury stock on December 15, we need to follow the given transactions and calculate accordingly.

1. Preferred Stock on February 6:
On February 6, Finishing Touches issued 2,000 shares of 8% preferred stock for $12 per share.

To find the preferred stock on February 6, multiply the number of shares issued by the preferred stock price per share:
2,000 shares x $12 per share = $24,000

Therefore, the amount of preferred stock issued on February 6 is $24,000.

2. Treasury Stock on December 15:
On December 15, Finishing Touches reissued 5,000 shares of treasury stock at $35 per share.

To find the treasury stock on December 15, multiply the number of shares reissued by the treasury stock price per share:
5,000 shares x $35 per share = $175,000

Therefore, the amount of treasury stock on December 15 is $175,000.