103,104,105,107) [The following information applies to the questions displayed beiow] Golf Apparel has two classes of stock authorized; 4%,$10 par preferred, and $1 par value common. The following transactions affect stockholders equity during 2024, its first year of operations Jamuary 2 Issue 120,000 shares of common stock for $62 per stiare. February 14 Issue 52,008 shares of preferred stock for $13 per share. Hay 8 Purchase 12,000 shares of its own conson stock for $52 per share. May 31 Resell 6,000 shares of tressury stock for 357 per share. Deceaber 1 Declore a cash dividend on its comon stock of 50.60 per share and o $20,800 ( 4K of par value) cash dividend on Its preferred stock payoble to all stockholders of record on 0ecenber 15. The dividend is payable on December 30 . (Hint: Dividends are not paid on tressury stock.) Decenber 30 pay the cash dividends declored on Dectaber 1. oblem 10-6A (Algo) Part 1 tquired: Record each of these transactions. (If no entry is required for a transoction/event, select "No Journol Entry Required" in the first count field Journal entry worksheet (1) (2) (3) (4) Record the declaration of a cash dividend on its common stock of 50.60 per share and a $20,800 ( 4% of par value) cash dividend on its preferred 5 tock payable to all stockholders. The dividand is payable on Docember 30. (Hint: Dividende are not pald on treasury stock.) Journal entry worksheet Record the entry on December 15 , the date of record. Note: Enter debits before credits. Journal entry worksheet 1 2. (3) 4 Record the payment of the cash dividends declared on December 1 . Note: Enter debits before credits