Required information (The following information applies to the questions displayed below) Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing Currently NGS has authorized 100,000 no-par preferred shores ond 200,000 $2 par common shares. Outstanding shares include 45,000 preferred shares and 35.000 common shares. Recently the following transactions have taken place, a NGS issues 750 preferred shares for $12 a share b. NGS repurchases 750 common shares for $11 a share. con November 12, the board of directors declares a $0,10 cash dividend on each outstanding preferred share. The dividend is paid December 20, CE Required: 1. Prepare the journal entries needed for each of the transactions. (If no entry is required for a transaction/event. select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Note: Enter debits before credits General Journal Transaction b Dobit Credit Record entry View general journal Clear entry Required information The following information applies to the questions displayed below) Nicole has been financing Nicole's Getaway Spn (NGS) using equity financing. Currently NGS has authorized 100,000 no-par preferred shares and 200,000 $2 par common shares. Outstanding shares include 45,000 preferred shares and 35.000 common shares Recently the following transactions have taken place. a NGS issues 750 preferred shares for $12 a share. NGS repurchases 750 common shares for $11 a share con November 12, the board of directors declares a $0,10 cash dividend on each outstanding preferred The dividend is paid December 20 share. Required: 1. Prepare the journal entries needed for each of the transactions (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 4 Record the declaration of a $0.10 cash dividend on the shares of preferred stock outstanding. Note: Enter debits before credits. Gonoral Journal Dobit Transaction C Credit Record entry View general journal Clear entry Prev 1 2 3 4 of 4 ! Required information (The following information applies to the questions displayed below) Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing, Currently NGS has authorized 100,000 no-par preferred shares and 200,000 $2 par common shares. Outstanding shares include 45,000 preferred shares and 35,000 common shares Recently the following transactions have taken place. a NGS Issues 750 preferred shares for $12 a share. b. NGS repurchases 750 common shares for $11 a share. c. On November 12, the board of directors declares a $0.10 cash dividend on each outstanding preferred d. The dividend is paid December 20 Required: 1. Prepare the journal entries needed for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Note: Enter debits before credits. General Journal Transaction d Debit Credit Record entry View general Journal Clear entry Required information [The following information applies to the questions displayed below Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing Currently NGS has authorized 100.000 no par preferred shares and 200.000 $2 par common shares. Outstanding shares include 45,000 preferred shares and 35,000 common shares. Recently the following transactions have taken place a NGS issues 750 preferred shares for $12 a share. NGS repurchases 750 common shares for $11 a share, con November 12, the board of directors declares a $0,10 cash dividend on each outstanding preferred share. d. The dividend is paid December 20 3. Show the overall effect of each transaction on the assets. liabilities, and shareholders' equity of the company. Use for increase. - for decrease, and NE for no effect) Transaction Balance Sheet Assets Liabilities Stockholders Equity a. b C d
