help me solve this I tried different answers from Chegg
National teague Gear has wo classes of stock authorized. 4\%, $20 par preferred, and 35 par value common The folowing transections affect stockholders' equity duing 2024. National League's first year of operations: tebruecy a tusue see, bee tharei af preferred atock for sia per share. Wer is hurchas ise, ooe sharis of Its on coeston itock for 130 per share. aivideat on its preferred itock payable to all stockholderi af record wi nowether is. (irint bividerds are not paid in treatury stoch, ) Wiventer se Foy the dividends declared en Nivnaber 1 . Requlred: 1. Pecord each of these Uansactions, Qif no entry ls required for a transaction/event, select "No Journal Entry fequlred" In the flrst account field.) Required information [The following information applies to the questions displayed below] Natlonal League Gear has two classes of stock authorized: 4%,$20 par preferred, and $5 par value common. The followng transactions affect stockholders' equity during 2024. National League's first year of operations: rebruary 2 Issue 1.5 alliton shares of connon stock for $35 per whare. Fetruary 4 Issue 6 ote, 00e shares af preferred stock tor $23 per share. June 15 Purchase 150 , aee shares of its own connon stock for 330 per share. August 15 fiesel1 112 , see stares of treasury stock for $45 per share. Novenber 1 Declare a cash dividend on Its conton stock of 31.5 per share and a 5489 , eee (4x of par value) cash dividend on its preferred stock payable to 211 stockholders of record on Novenber 15, (hint: Dividends are not paid on treasury stock.) Noveeber so Pay the divicends declared on Noventer 1. Required: 1. Record each of these transactions. (if no entry is required for a transaction/event, select "No Journal Entry Requtred" in the first: account field.) Required information [The following information applies to the questions displayed below] National League Gear has two classes of stock authorized: 4%,$20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2024, National League's first year of operations: February 2 Issue 1.5 alliyon shares of connon stock for $35 per share. February 4 Issue 600,000 shares of preferred stock for 523 per share. June 15 Purchase 150,060 shares of its om connon stock for $30 per share. August 15 Resell 112,560 shares of treasury stock for 345 per share. Noveeber 1 Declare a cash dividend on its connon stock of $1.50 per share and a 5480,600 ( 4x of par value) cash dividend on its preferred stock payable to a11 stockholders of record on Novenber 15. (Hint: Dividends are not paid on treasury stock.) Novenber je Pay the dividends dectared on woventer 1 , Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirelv correct
