Please fill out the following transactions in the general journal:
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 2024,360 shares of preferred stock and 4,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: March 1 Is 1 ue 1,700 shares of comen stock for $48 per share. May 15 Purchase 469 shares of treasury stock for 541 per share. July 10 Rese 11260 shares of treasury steck purchased on May 15 for $46 per share. Decenber. 31 Pay the cash dividends declared on Decenber 1 . Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$360; Common Stock, \$46; Additional Paid-in Capital, \$79,000; and Retained Earnings, \$31,700. Net income for the year ended December 31, 2024, is $12,000. Problem 10-2A (Algo) Part 1 Required: 1. Record each of these transactions. (If no entry is required for a particular transoction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 4567 Record the issuance of 1,700 shares of common stock for $48 per share. Note: Enter debets before credis. Required: 1. Record each of these transactions. (If no entry is required for a particular transoction/event, select "No Journal Entry Req the first account field.) Journal entry worksheet 567 Record the purchase of 460 shares of treasury stock for $41 per share. Note: Enter debits before credits. Journal entry worksheet Record the resale of 260 shares of treasury stock purchased on May 15 for $46 per share. Note: Enter debits before credits. Journal entry worksheet 1 7 Record the issuance of 260 shares of preferred stock for $51 per share. Note: Enter debits before credits. Journal entry worksheet 1 3 Record the declaration of a cash dividend on both common and preferred stock of $1.10 per share to all stockholders. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Journal entry worksheet Record the entry on December 15 , the date of record. Note: Enter debits before credits. Journal entry worksheet Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits