The contributed surplus arose from net excess of average cost per share over reacquisition cost on a previous repurchase and cancellation of common shares. During 2024, the company had the following transactions that affect shareholders' equity. Prepare the journal entries for the following transactions: (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter O for the amounts. List all debit entries before credil. entries.) The contributed surplus arose from net excess of average cost per share over reacquisition cost on a previous repurchase and cancellation of common shares. During 2024, the company had the following transactions that affect shareholders' equity. Prepare the journal entries for the following transactions: (Credit account titles are automatically indented when the amount is entered. D not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before cred entries.) a. Paid the annual 2023$9 per share dividend on preferred shares and a $4 per share dividend on common shares. These dividends had been declared on December 31, 2023. b. Purchased 4,200 shares of its own outstanding common shares for $35 per share and cancelled them. c. Issued 1,000 preferred shares at $107 per share (at the beginning of the year). d. Declared a 10% stock dividend on the outstanding common shares at their fair value when the shares were selling for $46 per share. e. Hssued the stock dividend. 1. Declared the annual 2024$9 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends are payable in 2025. No. Account Titles Debit Credit a. Cash Dividends-Preferred Cash Dividends - Common b. Cash Dividends-Preferred Cash Dividends-Common Cash c. Cash 107000 Preferred Shares d. Cash Dividends-Common Stock Dividends Distributable c. Cash 107000 Preferred Shares d. Cash Dividends-Common Stock Dividends Distributable e. Stock Dividends Distributable CommonShares f. Stock Dividends Distributable Carh Dividends - Preferred Cash Dividends - Common