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need answered Required information [The following information applies to the questions disployed below] Nautical has two classes of stock authorized: $10 par preferred, and $1
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Required information [The following information applies to the questions disployed below] Nautical has two classes of stock authorized: $10 par preferred, and \$1 par value common. As of the beginning of 2024 , 125 shares of preferted stock and 2,700 shares of common stock have been issued. The following transactions affect stockholders equity during 2024 March 1 Issue 2,7ee adaitionsl shares of comon stock for 513 per share. April 1 Issue 175 additiconal thares of preferred atock for 537 pec share. June 1 Declare a cash dividend on both comon and preferred stock of 90.40 per thare to all stocicholdors of record on June 15. - June 30 Pay the cash dividends declared on June 1 , Augut 1 Purchase 175 shares of comnon treatury stock for s10 per share. actober 1 Reissue 125 shares of treasury stock purchased on August 1 for s12 per share. Noutical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock. \$1,250, Common Stock, $2,700; Additional Paid in Capital, \$19,200; and Retained Eamings, $11,200 Net income for the year ended December 31,2024,15$7,500 equired: Record each of these transactions (It no entry is required for a particular transaction/event, select "No Journal Entry Required" in first account fleld.) Journal entry worksheet Pecord the issuance of 2,700 additional shares of common stock for 513 per share. fouk fiker alehils betore orodelli Step by Step Solution
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