Check my wo Required information The following information applies to the questions displayed below) Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: May January 2 Issue 100,000 shares of common stock for $55 per share. February 14 Issue 45,000 shares of preferred stock for $11 per share. 8 Purchase 10,088 shares of its own common stock for $45 per share. May 31 Resell 5,000 shares of treasury stock for $50 per share. December 1 Declare a cash dividend on its common stock of $0.75 per share and a $22,500 (54 of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1. Required: 1. Record each of these transactions, (if no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 2 Record the issuance of 100,000 shares of common stock for $55 per share. Note: Enter debts before credibi Date General Journal Debit Credit January 02, 2021 Required Information (The following information applies to the questions displayed below.) Major League Apparel has two classes of stock authorized: 5%, $10 per preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 100,000 shares of common stock for $55 per share. February 14 Issue 45,608 shares of preferred stock for $11 per share. May 8 Purchase 10,888 shares of its own common stock for $45 per share. May 31 Resell 5,800 shares of treasury stock for $58 per share. December 1 Declare a cash dividend on its common stock of $0.75 per share and a $22,500 (54 of par value) cash dividend on its preferred sto payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1. Required: 1. Record each of these transactions. If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 3 5 6 7 Record the issuance of 45,000 shares of preferred stock for $11 per share Mole Enter debits before credits General Journal Debit Credit Data February 14 2021 Prev 16 ! 12 Next Required Information (The following information applies to the questions displayed below) Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 188,888 shares of common stock for $55 per share. February 14 Issue 45,688 shares of preferred stock for $11 per share. May 8 Purchase 10,888 shares of its own common stock for $45 per share. May 31 Resell 5,000 shares of treasury stock for $58 per share. December 1 Declare a cash dividend on its common stock of $8.75 per share and a $22,580 (54 of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 38 Pay the cash dividends declared on December 1. equired: Record each of these transactions. (if no entry is required for a particular transaction, select "No ournal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of 10,000 shares of its own common stock for $45 per share. Note Enter debits before credits General Journal Debit Credit Datos May 08, 2021 Required Information [The following information applies to the questions displayed below) Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 188,888 shares of common stock for $55 per share. February 14 Issue 45,000 shares of preferred stock for $11 per share. May 8 Purchase 10,000 shares of its own common stock for $45 per share. May 31 Resell 5,800 shares of treasury stock for $58 per share. December 1 Declare a cash dividend on its common stock of $8.75 per share and a $22,580 (5% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1. Required: . Record each of these transactions. (If no entry is required for a particular transaction, select "No Hournal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 5 6 7 Record the resell of 5,000 shares of treasury stock for $50 per share. Note: Enter debits before credits Date General Journal Debit Credit day 31 2021 Required Information {The following information applies to the questions displayed below) Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 100,000 shares of common stock for $55 per share. February 14 Issue 45, 688 shares of preferred stock for $11 per share. May 8 Purchase 10,888 shares of its own common stock for $45 per share. May 31 Resell 5,088 shares of treasury stock for $58 per share. December 1 Declare a cash dividend on its common stock of $8.75 per share and a $22,588 (54 of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 38 Pay the cash dividends declared on December 1. quired: Record each of these transactions. (If no entry is required for a particular transaction, select "No urnal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 6 7 Record the declaration of a cash dividend on its common stock of $0.75 per share and a $22,500 (5% of par value) cash dividend on its preferred stock payable to all stockholders. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) Nate Enter debits before credits General ouma Debit Credit Date December OS. 2021 Check my work Required Information The following information applies to the questions displayed below) Major League Apparel has two classes of stock authorized: 5%, $10 per preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021 its first year of operations: January 2 Issue 188,888 shares of common stock for $55 per share. February 14 Issue 45,688 shares of preferred stock for $11 per share. May 8 Purchase 10,888 shares of its own common stock for $45 per share. May 31 Resell 5,000 shares of treasury stock for $58 per share. December 1 Declare a cash dividend on its common stock of $0.75 per share and a $22,580 (54 of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksh Record the declaration of a cash dividend payable to stockholders of record on December 15. Note Enter debits before credits General Joumal Debit Credit Date December 15 2023 Check my work Required Information The following information applies to the questions displayed below) Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 188,080 shares of common stock for $55 per share. February 14 Issue 45,098 shares of preferred stock for $11 per share. May & Purchase 10,080 shares of its own common stock for $45 per share. May 31 Resell 5,888 shares of treasury stock for $58 per share. December 1 Declare a cash dividend on its common stock of $0.75 per share and a $22,588 (58 of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 38 Pay the cash dividends declared on December 1. Required: 1. Record each of these transactions. (V no entry is required for a particular transaction, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the payment of the cash dividends declared on December 1, Note Enter debits before credits General Journal Debit Credit Date December so 2021
