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help please! I need part 1 and 2 Required information Problem 10-2A (Algo) Record equity transactions and indicate the effect on the balance sheet equation

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help please! I need part 1 and 2

Required information Problem 10-2A (Algo) Record equity transactions and indicate the effect on the balance sheet equation (LO10-2, 10-3, 10-4,10-5) [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,470 shares of preferred stock and 5,700 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 2,800 shares of common stock for $59 per share. May 15 Purchase 570 shares of treasury stock for $52 per share. July 10 Resell 370 shares of treasury stock purchased on May 15 for $57 per share. 0ctober 15 Issue 370 shares of preferred stock for $62 per share. December 1 Declare a cash dividend on both common and preferred stock of $2.20 per shar]e to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1,2024 : Preferred Stock, \$470; Common Stock, \$57; Additional Paid-in Capital, \$84,500; and Retained Earnings, $33,900. Net income for the year ended December 31,2024 , is $14,200. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 6 7 Record the resale of 370 shares of treasury stock purchased on May 15 for $57 per share. Note: Enter debits before credits. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 6 7 Record the issuance of 370 shares of preferred stock for $62 per share. Note: Enter debits before credits. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 3 Record the declaration of a cash dividend on both common and preferred stock of $2.20 per share to all stockholders. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 9 (2) (3) 4 (5) 6 (7) Record the entry on December 15, the date of record. Note: Enter debits before aredits. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits. 2. Select whether each of the following transactions increases (+) or decreases () total assets, total liabilities, and total stockholders' equity. (If none of the categories apply for a particular item, leave the cell blank.)

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