Required information Problem 10-6B Record equity transactions and prepare the stockholders' equity section (LO10-2, 10-3, 10- 4, 10-5, 10-7) [The following information applies to the questions displayed below.) National League Gear has two classes of stock authorized: 5%, $20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2021, National League's first year of operations: February 2 Issue 1.5 million shares of common stock for $15 per share. February 4 Issue 400,000 shares of preferred stock for $24 per share. June 15 Purchase 150,000 shares of its own common stock for $10 per share. August 15 Revell 112,500 shares of treasury stock for $25 per whare. November 1 Declare a cash dividend on ita common stock of $1.50 per share and a $400,000 (51 of par value> cash dividend on ita proferred stock payable to all stockholders of record on November 15. (winti Dividends are not paid on treasury stook.) November 30 pay the dividends declared on November 1. Problem 10-6B Part 1 Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field.) View transaction list Problem 10-6B Part 1 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.) View transaction list Journal entry worksheet 5 6 7 > Record declaration of cash dividend. Note: the debits before credits bato General Journal November 01, 2021 Dividends Dividends Payable Debit Credit Record entry Clear entry View general Journal Problem 10-6B Part 1 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.) View transaction list Journal entry worksheet 6 7 Record the entry on the date of record. Note: Enter debits before credits General Journal Debit Credit Date November 15, 2021 Record entry Clear entry View general Journal Problem 10-6B Part 1 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.) View transaction list Journal entry worksheet 5 6 7 Record the payment of cash dividends declared. Note: Enter debit before credits General Journal Date November 30, 2021 Debit Credit Record entry Clear entry View general Journal