need help on dec 1 and dec 30

Major League Apparel has two classes of stock authorized: 5%, 510 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: Part 1 of 2 Hay Hay January 2 Issue 100,000 shares of common stock for $60 per share. February 14 Issue 50.000 shares of preferred stock for $11 per share. 8. Purchase 10,000 shares of its own common stock for $50 per share. 31 Resell 5,000 shares of treasury stock for $55 per share December 1 Declare a cash dividend on its common stock of $0.50 per share and a $25,000 (s of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 0 Pay the cash dividends declared on December 1. points 202049 Required: 1. Record each of these transactions. If no entry is required for a particular transaction, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet