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Hubom Manufacturing Co completed the following transaction during 2024 then to view the transactions Read the Requirement 1. Record the transactions in Halbomis gener journa. Record debes fint, then credits Select the explanation de the last line of the joumal entry table. If no entry is required ledo any in title of the Accounts and Explanation column and love the remaining celsink) 16 Deciured a cath dividend on the 5%, 596 per nonculative proferred stock (50 shares constanding Declared a $0,30 per share dividend on the $5,000 stures of 56 par valde common stock outstanding, Thedal of record i January 31, and the payment date is February 15 Date Accounts and Explanation Debit Credit X More Info le. If no en Halbom tion colul Jan. 16 hares of se %, $96 pa ayment ts and E Feb. 15 Jun. 10 Jul. 30 Declared a cash dividend on the 5%, $96 par noncumulative preferred stock (950 shares outstanding). Declared a $0.30 per share dividend on the 95,000 shares of $6 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Paid the cash dividends. Split common stock 2-for-1. Declared a 50% stock dividend on the common stock. The market value of the common stock was $8 per share. Distributed the stock dividend. Purchased 8,000 shares of treasury stock at $9 per share. Sold 4,000 shares of treasury stock for $10 per share. Sold 1,400 shares of treasury stock for $5 per share. Aug. 15 Oct. 26 Nov. 8 Nov. 30 Print Done mber in the input fields and then clink Chery Ansurer leave the remaining cells blank.) - - X 95,000 s sun Fell Requirements atio 1. Record the transactions in Halborn's general journal. 2. Prepare the Halborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Halborn was authorized to issue 1,000 shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December 31, 2024, is $1,080,000. Print Done