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 $2,500$ shares of common stock have been Issued. The following transactions affect stockholders' equity during $2024$:

March $1$ Issue $2,500$ additional shares of common stock for $$20$ per share.

April $1$ Issue $150$ additional shares of preferred stock for $$35$ per share.

June $1$ Declare a cash dividend on both common and preferred stock of $$0\mathrm{.}75$ 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 $$17$ per share.

October $1$ Reissue $150$ shares of treasury stock purchased on August $1$ for $$19$ per share.

Sweet SIxteen has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $$1,500$; Common Stock, $$2,500$; Additional Pald$-$In Capital, $$19,000$; and Retalned Earnings, $$11,000.$ Net Income for the year ended December $31,2024,$ is $$7,400.$

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 $1$

Required $2$

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.$)$

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