Nicole has been financing Nicoles Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 no-par preferred shares and 200,000 $2 par common shares. Outstanding shares include 51,000 preferred shares and 41,000 common shares.

Required:
1.	Prepare the journal entries needed for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Recently the following transactions have taken place.

a.	NGS issues 1,050 preferred shares for $11 a share.
b.	NGS repurchases 1,050 common shares for $10 a share.
c.	On November 12, the board of directors declares a $0.20 cash dividend on each outstanding preferred share.
d.	The dividend is paid December 20. 1 Record the issuance of 1,050 shares of preferred stock with no par value for a price of $11 per share. 2 Record the purchase of 1,050 previously issued common shares for a price of $10 per share. 3 Record the declaration of a $0.20 cash dividend on the shares of preferred stock outstanding. 4 Record the payment of the cash dividend to the preferred shareholders.