March 1 Issues 1,200 shares of common stock for $43 per share. May 15 410 shares of treasury sbock for $36 per share Journal entry worksheet 3 5 6 7 Record the purchase of treasury stock. Note: Enter debits before credits Date General Journal Debit May 15, 2018 View general journal Record entry Clear entry Required: these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the f View transaction list Journal entry worksheet 4 5 6 7 Record reissue of treasury stock purchased. Note: Enter debits before credits. Date General Journal Debit Credit July 10, 2018 Record entry Clear entry View transaction list Journal entry worksheet 2 5 6 7 Record the issue of preferred stock Note: Enter debits before credits. Date General Journal Debit Credit October 15, 2018 Record entry Clear entry event, select "No journal entry required" in the fr View tran Journal entry worksheet Record the declaration of cash dividend Note: Enter debits before credits 01, 2018 Clear entry View transaction list Journal entry worksheet 2 3 5 Record the entry on the date of record. Note: Enter debits before credits. Debit Credit Date December 15, 2018 Clear entry Record entry Journal entry worksheet 31, 2018 Clear entry and $0.01 par value common. As of the beginning of 2018, 310 shares of preferred stock and 4,100 sha or Required Information X orn rs [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 2018, 310 shares of preferred stock and 4,100 shares of common stock have been issued. The following transactions affect stockholders' equity during 2018: a March 1 Issues 1,200 shares of common stock for $43 per share. May 15 Purchase 410 shares of treasury stock for $36 per share. July 10 Reissues 210 shares of treasury stock purchased on May 15 for $41 per share. October 15 Issues 210 shares of preferred stock for $46 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.60 per share to all stockholders of record on December 15. (Hint Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders equity accounts on January 1, 2018: Preferred Stock, $310; Common Stock, $41; Additional Pald-in Capital, $76,500; and Retained Earnings, $30,700. Net income for the year ended December 31, 2018, is $11,000