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Sweet Sixteen has two classes of stock authorized: $ 1 0 par preferred, and $ 1 par value common. As of the beginning of 2

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 1,300 shares of common stock have been issued. The following transactions affect stockholders equity during 2024:
March 1 Issue 1,300 additional shares of common stock for $13 per share.
April 1 Issue 150 additional shares of preferred stock for $23 per share.
June 1 Declare a cash dividend on both common and preferred stock of $0.40 per share to all stockholders of record on June 15.
June 30 Pay the cash dividends declared on June 1.
August 1 Purchase 250 shares of common treasury stock for $10 per share.
October 1 Reissue 150 shares of treasury stock purchased on August 1 for $12 per share.
Sweet Sixteen has the following beginning balances in its stockholders equity accounts on January 1,2024: Preferred Stock, $1,500; Common Stock, $1,300; Additional Paid-in Capital, $17,800; and Retained Earnings, $9,800. Net income for the year ended December 31,2024, is $6,800.
Required:
1. Record each of these transactions.
2. Select whether each of the following transactions increases (+) or decreases () total assets, total liabilities, and total stockholders' equity.

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