Sweet Sixteen has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,100$ shares of preferred stock and $1,800$ shares of common stock have been issued. The following transactions affect stockholders' equity during $2024$:Sweet Sixteen has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $$1,000$; Common Stock, $$1,800$; Additional Paid$-$in Capital, $$18,300$; and Retained Earnings, $$10,300.$ Net income for the year ended December $31,2024,$ is $$7,050.$

Required:

Record each of these transactions.

Select whether each of the following transactions increases $(+)$ or decreases $(-)$ total assets, total liabilities, and total stockholders' equity.

Complete this question by entering your answers in the tabs below.

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

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Record the issuance of $1,800$ additional shares of common stock for $$17$ per share.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $01\mathrm{.}2024,,,]]$