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The following Information applies to the questions displayed below Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As
The following Information applies to the questions displayed below Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the be common stock have been issued. The following transactions affect stockholders' equity during 2018 pretered stock and 2 800sres o inning of 2018, 150 shares of preferred stock and 2,800 shares of March 1 Issue 2.800 additional shares of common stock for $12 per share April 1 Issue 150 additional shares of preferred stock for $38 per share a cash dividend on both common and preferred stock of $0.35 per share to all stockholders of record on June 15. June 30 Pay the cash dividends declared on June 1. August 1 Purchase 250 shares of common treasury stock for $9 per share. October 1 Reissue 150 shares of treasury stock purchased on August 1 for $11 per share Nautical has the following begihning balances in its stockholders' equity accounts on January 1 2018 preterred Stock, $1, 500. Common Stock, $2.800. Additional Paid-n Required information Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, solect "No journal entry required" In the first account flield) View transaction list Journal entry worksheet Record the issue of additional common stock. Note: Enter debits before credits. Date Debit | General Journal Credit March 01, 2018 Record entry Clear entry View general journal 5. Required 2. Select whether each of the following transactions increases () or decreases(tlabilie, an total sockholdens equity, If none of the categorie Total Assets Total Liabilities Stockholdens ssue common stock ssue preferred stock Decare cash dividends Pay cash dividends Purchase treasury shock Reissue treasury slock
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