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Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 460 shares of preferred stock and 5,600 shares of common stock have been issued. The following transactions affect stockholders equity during 2021:

March		1		Issue 2,700 shares of common stock for $58 per share.
May		15		Purchase 560 shares of treasury stock for $51 per share.
July		10		Resell 360 shares of treasury stock purchased on May 15 for $56 per share.
October		15		Issue 360 shares of preferred stock for $61 per share.
December		1		Declare a cash dividend on both common and preferred stock of $2.10 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.)
December		31		Pay the cash dividends declared on December 1.

Donnie Hilfiger has the following beginning balances in its stockholders equity accounts on January 1, 2021: Preferred Stock, $460; Common Stock, $56; Additional Paid-in Capital, $84,000; and Retained Earnings, $33,700. Net income for the year ended December 31, 2021, is $14,000.

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.)

Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No the first account field.) 1 of 2 View transaction list is Journal entry worksheet 03:52:38 1 N 3 4 5 6 7 Record the issue of common stock. eBook Note: Enter debits before credits Print Date General Journal Debit Credit March 01, 2021 eferences Record entry Clear entry View general Journal 2 View transaction list Journal entry worksheet 2:15 1 2 5 6 7 Record resell of treasury stock purchased. Note: Enter debits before credits. Date General Journal Debit Credit July 10, 2021 ces Record entry Clear entry View general Journal e Tirst account riera.) View transaction list Journal entry worksheet