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Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par

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Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,340 shares of preferred stock and 4,400, shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: March 1 Issue 1,500 shares of common stock for $46 per share. May 15 Purchase 440 nhares of treasury stoek for $39 per share. July 10 Resell 240 shares of treasury stoek purchased on May 15 for $44 per share. October 15 Issue 240 shares of preferred stock for \$49 per ahare. Decezber 1 Declare a cash dividend on both common and preferred stock of $0.90 per share to all stoekholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) Decenber 31 pay the cash dividends declared on Decenber 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$340; Common Stock, \$44; Additional Paid-in Capital, \$78,000; and Retained Earnings, \$31,300. Net income for the year ended December 31,2024 , is $11,600. 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 4567 Record the issuance of 1,500 shares of common stock for $46 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 440 shares of treasury stock for $39 per share. Note: Enter debits before credits. Journal entry worksheet Record the resale of 240 shares of treasury stock purchased on May 15 for $44 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 240 shares of preferred stock for $49 per share. Note: Enter debits before credits. Journal entry worksheet 1 2 Record the declaration of a cash dividend on both common and preferred stock of $0.90 per share to all stockholders. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Record the entry on December 15 , the date of record. Note: Enter debits before credits. Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits

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