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Starom Manutacturing Co. completed the following transactions during 2024 the con to ww the transactions) Read the Requirements. Record the transactions in Startom's general journal Record debits fient, the credits Select the explanation on the last line of the joumal entry tabia I no entry is required forect "No estoy request" on the first line of the Accounts and Explanation column and leave the remaining oils blank) Jun 10: Declared a cash dividend on the 8%, 595 par nonumutrive prefered stock (1.000 shares outstanding Declared a 30-25 per share dividend on the 25,000 shares of 92 per value common stock tututunde. The date of record in January 31, and the payment date is February 15 Date Accounts and Explanation Credit Debit ving transactions during 2024. - More Info le. If no e born colul shares of 595 p Jan. 16 mento and Ex Feb. 15 Jun. 10 Jul. 30 Declared a cash dividend on the 5%, $95 par noncumulative preferred stock (1,000 shares outstanding). Declared a $0.25 per share dividend on the 85,000 shares of $2 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 40% stock dividend on the common stock. The market value of the common stock was $10 per share. Distributed the stock dividend. Purchased 5,400 shares of treasury stock at $11 per share. Sold 2,700 shares of treasury stock for $13 per share. Sold 1,600 shares of treasury stock for $7 per share. Aug. 15 Oct. 26 Nov. 8 Nov. 30 Print Done al journal. (Reco leave the remaining cells blank.) X e 85,000 sha und Requirements tio 1. Record the transactions in Starborn's general journal. 2. Prepare the Starborn's stockholders' equity section of the balance sheet as of December 31, 2024. Assume that Starborn was authorized to issue 2,000 shares of preferred stock and 400,000 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 $1,050,000. Print Done