Required information CC11-1 (Static) 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 50,000 preferred shares and 40,000 common shares. Recently the following transactions have taken place. a. NGS Issues 1,000 preferred shares for $12 a share. b. NGS repurchases 1,000 common shares for $11 a share. c. On November 12, the board of directors declares a $0.10 cash dividend on each outstanding preferred share. d. The dividend is paid December 20. CC11-1 (Static) Part 1 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.) CC11-1 (Static) Part 1 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.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a Cash 12,000 Treasury Stock 12,000 2 b Treasury Stock Cash 3 Dividends Dividends Payable Dividends Payable 4 d Cash