Required Information

$[$The following information applies to the questions displayed below.$]$

Donnle Hilfiger has two classes of stock authorized: $$1$ par preferred and $$0\mathrm{.}01$ par value common. As of the beginning of

$2024,460$ shares of preferred stock and $5,600$ shares of common stock have been Issued. The following transactions

affect stockholders' equity during $2024$:

Donnle Hilfiger has the following beginning balances In Its stockholders' equity accounts on January $1,2024$: Preferred

Stock, $$460$; Common Stock, $$56$; Additional Pald$-$In Capital, $$84,000$; and Retalned Earnings, $$33,700.$ Net Income for

the year ended December $31,2024,$ is $$14,000.$

Required:

Record each of these transactions. $($If no entry is required for a particular transactlon$/$event$,$ select $"$No Journal Entry Requlred" In

the first account fleld.$)$

Journal entry worksheet

Record the issuance of $2,700$ shares of common stock for $$58$ per share.

Note: Enter debits before credits.