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Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2018, 430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders equity during 2018:

March 1 Issues 2,400 shares of common stock for $55 per share.

May 15 Purchase 530 shares of treasury stock for $48 per share.

July 10 Reissues 330 shares of treasury stock purchased on May 15 for $53 per share.

October 15 Issues 330 shares of preferred stock for $58 per share.

December 1 Declare a cash dividend on both common and preferred stock of $1.80 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, $430; Common Stock, $53; Additional Paid-in Capital, $82,500; and Retained Earnings, $33,100. Net income for the year ended December 31, 2018, is $13,400.

They want the journal entries for each. I started it, but I was not sure if my answers were correct or not...

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 View journal entry worksheet 0 Date General Journal Debit Credit March 01, 2018 Cash 132,000 Additional paid-in capital Common stock 131,976 24 May 15, 2018 Treasury stock 25,440 Cash 25,440 July 10, 2018 Cash Treasury stock 15,840 Additional paid-in capital 4 October 15, 2018 No Transaction Recorded December 01, 2018 Dividends payable No journal entry required 2018 December,Dividends payable 2018