meducation.com/ext/mapdex.html?con conexternal browser O&launchuriahttp%253A%252F%252Fims.meducation.com%252Fmghmiddleware_262Fm... Parts Help Save & Exh Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Nautical has two classes of stock authorized: S10 par preferred, and St par value common. As of the beginning of 2021 125 shares of preferred stock and 1,700 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 tenue 1.700 additional shares of Non stock for $18 per share. April 1 Issue 175 additional shares of preferred stock for $27 per share. June 1 Declare a cash dividend on both common and preferred stock of $0.65 per share to all stockholders of record on June 15. June 30 Pay the cash dividends declared on June 1. August 1 Purchase 175 shares of common treasury stock for $15 per share. October 1 Reissue 125 dhares of treasury stock purchased on August 1 for $17 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock $1,250, Common Stock $1700: Additional Paid in Capital, $18.200; and Retained Earnings. $10,200. Net income for the year ended December 31, 2021, is $7,000 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.) Help Save En Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to queston 1 Required information Common Stock Add bonal Paid in Capital Doo 1.700 28.00 Part 1 of 2 2 April 01, 2021 4,725 125 points Cash Preferred Stock Additional Paid in Capital 1.750 2975 OOO OO 3 June 01, 2021 1,918 Dividends Dividends Payable 1918 4 June 30, 2021 Dividends Payable Cash 2,625 5 August 01, 2021 Treasury Stock Cash 2,625 OO OOO 2.125 5 October 01, 2021 Cash Treasury Stock Additional Paid in Capital 250 5,8752 Prey 1 2 of 8 : Next > MC Graw