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Sweet Stxteen nas two classes of eteck authorized: $10 par preferred and $1 par value common As of the beginning of 2024.190 shares of preterred
Sweet Stxteen nas two classes of eteck authorized: $10 par preferred and $1 par value common As of the beginning of 2024.190 shares of preterred stock and 2900 shares of common stock have been issued. The following transocions offect stockholders equity ding 2024 march I Issue 2,900 additsenal shates of cownon stock for 311 per share. April1 issue 209;asdztenal shares of preferret stock for 339 per share. dune 1e. Pay the cash divtdepds daclared an June 1. Higut 1 purctise 200 shares of cenpth treasury stock for is per.share. october-1 Melssue tas shares of trexsury steck porkhased on August 1 for 110 per share. Sweet Sixteen has the following beginning balances in its stockholders equity accounts on January 1. 2024: Preferred Stock, \$1,000: common Stock, $2,900;; Additonal Paid-hn Capita, $19,400; and Retalned Earnings, $11,400. Ner income for the year ended December 31,2024,1557,600 Required: 1. Record each of these transactions 2. Select whether eoch of the following transactions increases {+1 or decreases () total assets, total ilabirites, and total stockhoiders equiny Ceaplete this question by entering vear answers in the tabs below. Select whether each of the fellowing transactigny increeses (+) or decreases () total assety, total liabilities, and total steckholdens equity. (1f noee of the categorins apply for a partifular item, leave the call biank.)
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