(The following information applies to the questions displayed below Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2018, 300 shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockholders' equity during 2018 March 1 Issue 1,100 shares of common stock for $42 per share May 15 Purchase 400 shares of treasury stock for $35 per share. July 10 Reissue 200 shares of treasury stock purchased on May 15 for $40 per share. October 15 Issue 200 shares of preferred stock for $45 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on December 15. (Hint Dividends are not paid on treasury stock) December 31 Pay the cash dividends declared on December 1 Donnie Hilfiger has the following beginning balances in its stockholders" equity accounts on January 1, 2018: Preferred Stock, $300; Common Stock, $40; Additional Paid-in Capital, $76,000, and Retained Earnings, $30,500. Net income for the year ended December 31 2018, is $10,800. value 10.00 points Required Information Required 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issue of common stock. Note: Enter debits before credits. Date General Journal DebitCredit March 01, 2018 Record entry Clear entry View general journal value: 10.00 points Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No journa first account field.) View transaction list Journal entry worksheet 123 4 5 6 7 Record the purchase of treasury stock. Note: Enter debits before credits. Date General Journal Debit Credit May 15, 2018 Record entry Clear entry View general journal M117SampleFi....docx M117SampleF...docx Math117Lectur...ptx May 15 Purchase 400 shares of treasury stock for $35 per share. July 10 Reissue 200 shares of treasury stock purchased on May 15 for $40 per share. October 15 Issue 200 shares of preferred stock for $45 per share December 1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record on 15. (Hint Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1 Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2018: Preferred Stock, Common Stock, $40: Additional Paid-in Capital, $76,000 and Retained Earmings, $30.500. Net income for the year ended Dec 2018, is $10,800 Required informati 10.00 points Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" i first account field.) View transaction list Journal entry worksheet Record reissue of treasury stock purchased. Note: Enter debits before credits Date Debit Credit July 10, 2018 Record entry Clear entry View general journal M117SampleFi...cx M117SampleFL... docx Math117Lectur...pptx shares of preferred stock and 4,000 shares of common stock have been issued. The following transactions affect stockhoide during 2018: March 1 Issue 1,100 shares of common stock for $42 per share. May 15 Purchase 400 shares of treasury stock for $35 per share. July 10 Reissue 200 shares of treasury stock purchased on May 15 for $40 per share. October 15 Issue 200 shares of preferred stock for $45 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.50 per share to all stockholders of record co 15. (Hint Dividends are not paid on treasury stock. December 31 Pay the cash dividends declared on December 1 Donnie Hilfiger has the following beginning balances Common Stock, $40: Additional Paid-in Capital, $76,000, and Retained Earnings, $30,500. Net income for the year ended De 2018, is $10,800. in its stockholders' equity accounts on January 1, 2018 Preferred Stock Required informa 10.00 points Required: 1. Record each of these transactions. (If no entry is required for a transactionlevent, select "No journal entry required first account field.) View transaction list Journal entry worksheet 5 6 7 Record the issue of preferred stock Note: Enter debits before credits Date General Journal Debit Credit October 15, 2018 Record entry Clear entry View general journal M117SampleFi....docx M117SampleF... docx Math117Lectur Required 1. Record each of these transactions. (If no entry is required for a transaction/event, select "N first account field.) View transaction list Journal entry worksheet 4 6 Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2018 Record entry Clear entry View general journal M117SampleF....docx M117SampleF.i....docx Math117Lectur....pptx value 10.00 points Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No journ first account field.) View transaction list Journal entry worksheet 4 5 Record the entry on the date of record. Note: Enter debits before credits. Debit Credit Date December 15, 2018 General Journal Record entry Clear entry View general journal mpleFi...docx M117SampleF... .docx Math117Lectur.... pptx value: 10.00 points Required 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No jo first account field.) View transaction list Journal entry worksheet 4 Record the payment of cash dividends declared. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal M117SamplefFi...docx M117SampleFi...docx Math117Lectur....pptx