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I need the journal entries along with the stockholders equity section of the balance sheet please. Required information The foliowing information agpplies to the questions
I need the journal entries along with the stockholders equity section of the balance sheet please.
Required information The foliowing information agpplies to the questions displayed belowd Tennis Apparel has two classes of stock authorized: 44,510 par preferred, and 51 par value common. The following transuctions affect stockholders' equity during 2024, its first year of operations: Lanuary? Isave 120,000 shares of coinon stock for s50 per share. Pebruary 14 issue 40;000 shares of prefurred atack for s13 per share. May i Purchase 12,000 shares of its own coenon stock for 540 por share. May i1 flesell 6,000 sharen of ereasury stock for 345 por share. Decoaber 1 . Dectere a cash dividend on 2ts coston stock of 50.25 per thare and a s15, oro (4x of par value) canh dividend on its preterred stock payable to all stockholders of record on Deceeber 15 . The dividebd is payable on beceeber 10 . (Wint odvidends arn not paid on treasury atock.) oecenber 70 Pay the cash dividends declared on Deceeber i. Required: Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Step by Step Solution
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