Journal entry worksheet Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits. Journal entry worksheet 1 2 Record the declaration of a cash dividend on its common stock of $0.40 per share and a $34,200 ( 6% of par value) cash dividend on its preferred stock payable to all stockholders. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 7 Record the entry on December 15, the date of record. Note: Enter debits before credits. Journal entry worksheet 7 Record the purchase of 11,000 shares of its own common stock for $57 per share. Note: Enter debits before credits. Journal entry worksheet 1 7 Record the resale of 5,500 shares of treasury stock for $62 per share. Note: Enter debits before credits. Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 103,104,105,107) [The following information applies to the questions displayed below] Tennis Apparel has two classes of stock authorized: 6%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 110 , e00 shares of comnon stock for $67 per share. February 14 Issue 57 , 000 shares of preferred stock for $12 per share. May 8 Purchase 11, eee shares of its own common stock for $57 per share. May 31 Reselt 5,500 shares of treasury stock for $62 per share. December 1 Dectare a cash dividend on its common stock of $0.40 per share and a $34,200 (68 of par value) cash dividend on its preferred stock payable to all stockholders of record on Decenber 15 . The dividend is payable on Decenber 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on Decenber 1. Problem 10-6A (Algo) Part 1 Journal entry worksheet 2 3 4 5 6 7 Record the issuance of 110,000 shares of common stock for $67 per share. Note: Enter debits before credits. Journal entry worksheet 1 4 5 6 7 Record the issuance of 57,000 shares of preferred stock for $12 per share. Note: Enter debits before credits. equired: Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first ccount field.) Journal entry worksheet 34567 Record the issuance of 110,000 shares of common stock for $67 per share. Note: Enter debits before credits