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need help with recording journal entries Required information Problem 10-2A (Algo) Record equity transactions and indicate the effect on the balance sheet equation (LO10-2,10-3, 10-4,10-5)

need help with recording journal entries
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Required information Problem 10-2A (Algo) Record equity transactions and indicate the effect on the balance sheet equation (LO10-2,10-3, 10-4,10-5) [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: March 1 Issue 2,400 shares of common stock for $55 per share. May 15 Purchase 530 shares of treasury stock for $48 per share. July 10 Resell 330 shares of treasury stock burchased on May 15 for $53 per share. October 15 Issue 330 shares of preferred stock for $58 per share. Decenber 1 Declare a cash dividend on both conmon and preferred stock of $1.80 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) Decenber 31 Pay the cash dividends declared on December 1 . Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1,2024 : Preferred Stock, $430; Common Stock, $53 : Additional Paid-in Capital, $82,500; and Retained Earnings, $33,100. Net income for the year ended December 31, 2024, is $13,400

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