Sweet Sixteen has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,150$

shares of preferred stock and $2,800$ 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, $$1,500$;

Common Stock, $$2,800$; Additional Paid$-$in Capital, $$19,300$; and Retained Earnings, $$11,300.$ Net income for the year ended December

$31,2024,$ is $$7,550.$

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.

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

Record the issuance of $2,800$ additional shares of common stock for $$12$ per

share.

Note: Enter debits before credits. PLEASE PUT IT IN THE SAME FORMAT. Sweet Sixteen has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,150$

shares of preferred stock and $2,800$ 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, $$1,500$;

Common Stock, $$2,800$; Additional Paid$-$in Capital, $$19,300$; and Retained Earnings, $$11,300.$ Net income for the year ended December

$31,2024,$ is $$7,550.$

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.

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

stockholders' equity. $($If none of the categories apply for a particular item, leave the cell blank.$)$