Required information Problem 10-2B (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.] Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2024,100 shares of preferred stock and 1,500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 1,500 additional shares of common stock for $20 per share. April 1 Issue 200 additional shares of preferred stock for $25 per share. June 1 Declare a cash dividend on both comnon and preferred stock of $0.75 per share to all stockholders June 30 Pf record on June cash dividends declared on June 1. August 1 Purchase 200 shares of common treasury stock for $17 per share. October 1 Reissue 100 shares of treasury stock purchased on August 1 for $19 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$1,000; Common Stock, \$1,500; Additional Paid-in Capital, \$18,000; and Retained Earnings, $10,000. Net income for the year ended December 31,2024 , is $6,900. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2356 Record the issuance of 1,500 additional shares of common stock for $20 per share. Note: Enter debits before credits