Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of

2024. 450 shares of preferred stock and 5,500 shares of common stock have been issued. The following transactions

affect stockholders equity during 2024:

Journal entry worksheet Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits. Journal entry worksheet Record the entry on December 15, the date of record. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend on both common and preferred stock of $2.00 per share to all stockholders. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Journal entry worksheet 1 2 3 Record the issuance of 350 shares of preferred stock for $60 per share. Note: Enter debits before credits. Journal entry worksheet Record the resale of 350 shares of treasury stock purchased on May 15 for $55 per share. Note: Enter debits before credits. Journal entry worksheet