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Im not sure what to do for these two I need help. Requlred information Problem 10-2A (Algo) Record equity transactions and indicate the effect on

Im not sure what to do for these two I need help. image text in transcribed
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Requlred 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 informatian applies to the questions disployed below] Donnle Hifiger has two classes of stock authorized: $1 par preferred and 50.01 par value common. As of the beginning of 2024,310 shares of preferred stock and 4,100 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Kareh 1 . Issue 1,200 shmres af cochon stock for 443 per, ahkte. May 15 . Pugchase 410 aharea of trematy atock for 136 per ahare Getober 15 Teave 210 ahared of preterred licek. for 546 per ahare. of record an beeesber 15. fdint bavidends are hot paid on troetury ituock.) beceeber 21 . pay the cash dividueds declared on Deceeber 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$310; Common Stock, \$41; Additional Paid-in Capital, $76,500; and Rotained Earnings, $30,700, Net income for the year ended December 31,2024 , is $11,000. Problem 10-2A (Algo) Part 1 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 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 2024,310 shares of preferred stock and 4,100 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Mareh 1 Issue 1,200 shares of cotmon atoek for $43 per share. May 15 Purebane 410 ohareo of treanury atock for $36 per bhare. July 10 Rosol1 210 shares of treasury stoek purebased on May 15 for $41 por share. October 15 Issue 210 shares of preferrod stoek for $46 per share. Decesber 1 Declare a cauh dividend on botb comson and preforred btock of $0,60 por ahare to al1 atockholders of record on December 15. (Hist: Dividenda are not, paid on treasury stock, ) December 31 Pay the cash dividenda deelared on Docesber 1 . Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$310; Common Stock, \$41; Additional Paid-in Capital, \$76,500; and Retained Earnings, \$30,700. Net income for the year ended December 31, 2024, is $11,000. roblem 10-2A (Algo) Part 2 Select whether each of the following transactions increases (+) or decreases () total assets, total tiabilities, and total stockhoiders' quity. (if none of the categories apply for a particular item, leave the cell blank.)

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