In: Accounting
1. Prepare the journal entry to record the purchase of 1,000 shares of treasury stock at $10 per share.
2. Prepare the journal entry to record the issuance of 1,000 shares of $3 par value preferred stock at $15 per share.
3. Prepare the journal entry to record the issuance of 1,000 shares of $2 par value common stock at $10 per share.