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The balance sheet of Cullen Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: (Click the icon to view the stockholders' equity

image text in transcribed The balance sheet of Cullen Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: (Click the icon to view the stockholders' equity section of the balance sheet.) During 2024, Cullen completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 10\% stock dividend on the common stock. The market value of Cullen's stock was $20 per share. More info Feb. 6 Declared a 10\% stock dividend on common stock. The market value of Cullen's stock was $20 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 2,100 shares of treasury stock at $20 per share. Nov. 27 Declared a $0.20 per share cash dividend on the common stock outstanding

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