Starborn Manufacturing Co$.$ completed the following transactions during $2024$:

$($Click the icon to view the transactions.$)$

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Requirement $1.$ Record the transactions in Starborn's general journal. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select $"$No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.$)$

Jan. $16$: Declared a cash dividend on the $5\%,$$$105$ par noncumulative preferred stock $(900$ shares outstanding$).$ Declared a $$0\mathrm{.}30$ per share dividend on the $95,000$ shares of $$2$ par value commo stock outstanding. The date of record is January $31,$ and the payment date is February $15.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jan$.16,$Cash Dividends,,$],[$Dividends Payable $-$ Preferred,,$],[$Dividends Payable $-$ Common,,$],[,,,],[,$ber,,$]]$

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Jan. $16$

Feb. $15$

Jun. $10$

Jul. $30$

Aug. $15$

Oct. $26$

Nov. $8$

Nov. $30$

Declared a cash dividend on the $5\%,$$$105$ par noncumulative preferred stock $(900$ shares outstanding$).$ Declared a $$0\mathrm{.}30$ per share dividend on the $95,000$ shares of $$2$ par value common stock outstanding. The date of record is January $31,$ and the payment date is February $15.$

Paid the cash dividends.

Split common stock $2-$for$-1.$

Declared a $50\%$ stock dividend on the common stock. The market value of the common stock was $$9$ per share.

Distributed the stock dividend.

Purchased $5,400$ shares of treasury stock at $$11$ per share.

Sold $2,700$ shares of treasury stock for $$13$ per share.

Sold $1,600$ shares of treasury stock for $$7$ per share.

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