need the debit and credit for all dates
Major League Apparel has two classes of stock authorized 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations! January 2 Issue 110,000 shares of common stock for $51 per share. February 14 Issue 41,000 shares of preferred stock for $12 per share. Purchase 11.000 shares of its on common stock for 141 per share 31 Resell 5,500 shares of treasury stock for $46 per share. December 1 Declare a cash dividend on its common stock of $0.per share and $24.600 ( of par value) cash dividend on its preferred stock payable to 11 stockholders of record on December 15. The dividend is payable on December 30. (Hint Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1 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 3 4 5 Record the issuance of 110,000 shares of common stock for $51 per share General Journal Doble Credit January 02, 2021 Required information [The following information apples to the questions displayed below) Major League Apparel has two classes of stock authorized: 6% 510 par preferred, and $1 par value common The following transactions affect stockholders' equity during 2021, its first year of operations ports January 2 Issue 110,000 shares of common stock for $51 per share February 14 Issue 41.000 shares of preferred stock for $12 per share. Purchase 11.00 shares of its o con stock for $41 per share. 31 Resell 5,500 shares of treasury stock for 546 per share. Deceber 1 Declare a cash dividend on its common stock of 50 per share and a $4.500 (6% of par value) Cash dividend on its preferred stock payable to all so lders of record on December 15. The dividend is payable on December 3. Dividends are not paid on treasury stock.) December P ay the cash dividends declared December 1. too 2. Prepare the stockholders' equity section of the balance sheet as of December 31 2021. Net income for the year was $47.000 Amounts to be deducted should be indicated by a minus sign.) MAJOR LEAGUE APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' Equity: TPC
