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lint Company reported the following amounts in the stockholders' equity section of its December 31,2024, balance sheet: During 2025, Flint took part in the following

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lint Company reported the following amounts in the stockholders' equity section of its December 31,2024, balance sheet: During 2025, Flint took part in the following transactions concerning stockholders' equity: 1. Paid the annual 2024 dividend on preferred stock and a $0.50 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,100 shares of its own outstanding common stock for $9 per share. Flint uses the cost method. 3. Reissued 1,100 treasury shares for land with an appraised value of $8,600. Flint's common shares were trading for $9.50 per share. 4. Issued 45,000 shares of common stock at $10 per share. 5. Declared and recorded a 2:1 stock spilt on the outstanding common stock when the stock is seling for $11 per share. During 2025, Flint took part in the following transactions concerning stockholders' equity: 1. Paid the annual 2024 dividend on preferred stock and $0.50 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,100 shares of its own outstanding common stock for $9 per share. Flint uses the cost method. 3. Reissued 1,100 treasury shares for land with an appraised value of $8,600. Flint's common shares were trading for $9.50 per share. 4. Issued 45,000 shares of common stock at $10 per share. 5. Declared and recorded a 2:1 stock split on the outstanding common stock when the stock is selling for $11 per share. 6. Declared the annual 2025 dividend on preferred stock and the $0.50 per share dividend on common stock. These dividends are payable in 2026. Prepare journal entries to record the transactions described above. Assume transactions occured in the order presented. (Credit account titles are automatically indented when the amount is entered. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries.) 4. Cash Preferred Stock Paid-in Caoital in Excess of Par - Preferred Stock 5. Retained Earnings Common Stock Dividend Distributable 6. Common Stock Dividend Distributable Common Stock lint Company reported the following amounts in the stockholders' equity section of its December 31,2024, balance sheet: During 2025, Flint took part in the following transactions concerning stockholders' equity: 1. Paid the annual 2024 dividend on preferred stock and a $0.50 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,100 shares of its own outstanding common stock for $9 per share. Flint uses the cost method. 3. Reissued 1,100 treasury shares for land with an appraised value of $8,600. Flint's common shares were trading for $9.50 per share. 4. Issued 45,000 shares of common stock at $10 per share. 5. Declared and recorded a 2:1 stock spilt on the outstanding common stock when the stock is seling for $11 per share. During 2025, Flint took part in the following transactions concerning stockholders' equity: 1. Paid the annual 2024 dividend on preferred stock and $0.50 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,100 shares of its own outstanding common stock for $9 per share. Flint uses the cost method. 3. Reissued 1,100 treasury shares for land with an appraised value of $8,600. Flint's common shares were trading for $9.50 per share. 4. Issued 45,000 shares of common stock at $10 per share. 5. Declared and recorded a 2:1 stock split on the outstanding common stock when the stock is selling for $11 per share. 6. Declared the annual 2025 dividend on preferred stock and the $0.50 per share dividend on common stock. These dividends are payable in 2026. Prepare journal entries to record the transactions described above. Assume transactions occured in the order presented. (Credit account titles are automatically indented when the amount is entered. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries.) 4. Cash Preferred Stock Paid-in Caoital in Excess of Par - Preferred Stock 5. Retained Earnings Common Stock Dividend Distributable 6. Common Stock Dividend Distributable Common Stock

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