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I need journal entries for the seven parts i posted Required information [The following information applies to the questions displayed below.] Major League Apparel has

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image text in transcribedI need journal entries for the seven parts i posted

Required information [The following information applies to the questions displayed below.] Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 110,000 shares of common stock for $70 per share. February 14 Issue 60,000 shares of preferred stock for $12 per share. May 8 Purchase 11,000 shares of its own common stock for $60 per share. May 31 Resell 5,500 shares of treasury stock for $65 per share. December 1 Declare a cash dividend on its common stock of $0.25 per share and a $36,000 (6% 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. Journal entry worksneet Record the issuance of 60,000 shares of preferred stock for $12 per share. 1 2 3 4 5 6 7 Record the purchase of 11,000 shares of its own common stock for $60 per share. Record the payment of the cash dividends declared on December 1

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