Tennis Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during 2024, its first year of operations:

January 2	Issue 110,000 shares of common stock for $67 per share.
February 14	Issue 57,000 shares of preferred stock for $12 per share.
May 8	Purchase 11,000 shares of its own common stock for $57 per share.
May 31	Resell 5,500 shares of treasury stock for $62 per share.
December 1	Declare a cash dividend on its common stock of $0.40 per share and a $34,200 (6% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.)
December 30	Pay the cash dividends declared on December 1.

Record each of these transactions.

February 2, 2024- Record the issuance of 110000 million shares of common stock for $57,000 per share.

February 4, 2024- Record the issuance of 12 shares of preferred stock for $11,000 per share.

June 15, 2024- Record the purchase of 57 shares of its own common stock for $5,500 per share.

August 15, 2024- Record the resale of 62 shares of treasury stock for $0 per share.

November 1, 2024- Record the declaration of a cash dividend on its common stock of $34,200.00 per share and a $487,000 (6% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15. (Hint: Dividends are not paid on treasury stock.)

November 30, 2024- Record the payment of the dividends declared on November 1.