National League Gear has two classes of stock authorized: 5%, $20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2021, National League's first year of operations: February 2 Issue 1.4 million shares of common stock for $21 per share. February 4 Issue 460,000 shares of preferred stock for $24 per share. June 15 Purchase 140,000 shares of its own common stock for $16 per share. August 15 Resell 105,000 shares of treasury stock for $31 per share. November 1 Declare a cash dividend on its common stock of $1.40 per share and a $460,000 (5% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15. (Hint: Dividends are not paid on treasury stock.) November 30 Pay the dividends declared on November 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the issue of additional common stock. View transaction list Journal entry worksheet Record the issue of preferred stock. Note: Enter debits before credits. Date General Journal Debit Credit February 04, 2021 View transaction list Journal entry worksheet Record the purchase of treasury stock. Note: Enter debits before credits. Date General Journal Debit Credit June 15, 2021 View transaction list Journal entry worksheet Record resell of treasury stock purchased. Note: Enter debits before credits. Date General Journal Debit Credit August 15, 2021 View transaction list Journal entry worksheet Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit November 01, 2021 View transaction list Journal entry worksheet Record the payment of cash dividends declared. Note: Enter debits before credits. Date General Journal Debit Credit November 30, 2021