Required information CC11-1 (Algo) Accounting for Equity Financing (LO 11-1, LO 11-2, LO 11-3, LO 11.4, LO 11-5) The following information applies to the questions displayed below.) Nicole has been financing Nicole's 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 40,000 preferred shares and 30,000 common shares Recently the following transactions have taken place. NGS issues 500 preferred shares for $13 a share. DNGS repurchases 500 common shares for $12 o share con November 12, the board of directors declares a 5010 cash dividend on each outstanding preferred share d. The dividend is paid December 20. CC11-1 (Algo) Part 1 Journal entry worksheet 1 2 3 4 Record the issuance of 500 shares of preferred stock with no par value for a price of $13 per share. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet 2 3 4 Record the purchase of Soo previously issued common shares for a price of $12 per share. Notei Enter debits before credits General Journal Debit Credit Transaction b Record entry Clear entry View general journal Journal entry worksheet 2 4 Record the declaration of a $0.10 cash dividend on the shares of preferred stock outstanding Note Enter debits before credits Transaction General Journal Debil Grati Record entry Clear entry View general journal Journal entry worksheet 2 3 Record the payment of the cash dividend to the preferred shareholders. Note: Enter debits before credits Transaction General Journal Dabit Credit d Record entry Clear entry View guneral journal