National League Gear has two classes of stock authorized: 6%, $20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2024, National League's first year of operations: February 2 Issue 1.2 million shares of common stock for $23 per share. February 4.1 June 15 August 15 November 1 Issue 480,000 shares of preferred stock for $22 per share. Purchase 120,000 shares of its own common stock for $18 per share. Resell 90,000 shares of treasury stock for $33 per share. Declare a cash dividend on its common stock of $1.20 per share and a $576,000 (68 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 transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the issuance of 1.2 million shares of common stock for $23 per share. Note: Enter debits before credits. Date February 02, 2024 General Journal Debit Credit Record entry Clear entry View general journal