Required information [The foliowing information applies to the questions displayed below] Donnie Hiltiger has two classes of stock authorized $1 par preferred and $0.01 par value common. As of the beginning of 2024, 410 shares of preferred stock and 5,100 shares of common stock have been issued The following transactions affect stockholders equity during 2024 Warch 1 Issue 2,200 shares of comeon stock for 553 per share. Hay 15 Purchase 510 shares of treasury stock for s46 per share. Tuly 10 Resel1 310 shares of treasury stock purchased on May 15 for 351 per ahare. Octaber 15 issue 110 shares of peefereed stock for $56 per share. bechaber 1 Declare a cash dividend on both comon and preferred stock of 51. 6a per share to all stocinolders of record on Deceeber 15. (minti olvidends are not paid on treasury stock.? Deceeber 31. Pay the cath dividends declared on Decenber 1. Donnie Hifiger has the following beginning balances in its stockholders equity accounts on January 1, 2024 Preferted Stock, \$410: Common Stock, \$51, Additional Paid in Capyal, $81,500, and Retained Eamings, $32700, Net income for the year ended December 31, 2024, 15 $13,000 Required: 1. Record each of these tronsactions uf no entry is required for a particulor transoctionievent, select "No Journel Entry Required" in the first account fieldi) Required information [The following information applies to the questions displayed below] Donnie Hifiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,410 shares of preferred stock and 5,100 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 March 1 issue 2,200 shares of comnon stock for 553 per share. Kay 15 Purchase 510 shares of treasury stock for 346 per share. July 10 Resell 310 shares of treasury stock purchased on may 15 for 151 per share. October 15 iscue 310 shares of preferred stock for 556 per share. December 1 Declare a cash dividend on both comon and preferred stock of $1.60 per share to all stockholders of record on 0ecenber 15. (Hint: 0lvldends are not paid on tressury stock.) Decenber 31 Pay the cash dividends declared on December 1. Donnie Hifiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$410, Common Stock, \$51: Additional Paid-in Capital, $81,500, and Retained Earnings, $32,700, Net income for the year ended December 31, 2024, is $13.000. 2. Select whether each of the following transactions increases ( + ) or decreases ( () total assets, total liabilities, and total stockholders' equity. (If none of the categories opply for a porticular item, leove the cell blank.)
