transactions affect stockholders' equity during 2024, its first year of operations:

January 2

Issue 100,000 shares of common stock for $60 per share.

February 14 Issue 50,000 shares of preferred stock for $11 per share.

May 8

Purchase 10,000 shares of its own common stock for $50 per share.

May 31

Resell 5,000 shares of treasury stock for $55 per share.

December 1 Declare a cash dividend on its common stock of $0.50 per share and a $25,000 (5% of par value)

cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.)

December 30 Pay the cash dividends declared on December 1.

please fix my journal entry AND my balance sheet

Required Information [The following information applies to the questions displayed below.] Littie League Apparel has two classes of stock authorized: 5%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 200,000 shares of conton stock for $60 per share. February 14 Issue 50,800 shares of preferred stock for s11 per share. May 8 Purchase 10,000 shares of its ona conton stock for s5e per share. May 31 Reset1 5, eea shares of treasury stock for s5s per share. Decenber 1 Declare a cash dividend on its comon stock of se. Sa per share and a $25, eee (54 of par value) cash dividend on its preferred stock payabte to atl stockhalders of record on Decenber 15. The dividend is payable on Decenber 3e. (Hant: Dividends are not paid on treasury stock.) December 3e pay the cash dividends dectared on Decetber 2. Required: 1. Record each of these transactions. (f no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ( Answer is not complete. LTTLE LEAGUE APPAREL Balance Shoet. (Stockholders' Equlty Section) December 31, 2024 Required information [The following information applies to the questions displayed below.] Little League Apparel has two classes of stock authorized: 5%,$10 par preferred, and $1 par value common, The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issue 100,000 shares of common stock for $60 per share. February 14 Issue 50,000 shares of preferred stock for $11 per share. May 8 Purchase 10,000 shares of its own common stock for $50 per share. May 31 Resell 5,000 shares of treasury stock for $55 per share. Decenber 1 Declare a cash dividend on its common stock of $0.50 per share and a $25,060 (5\% of par value) cash dividend on its preferred stock payable to al1 stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 38 Pay the cash dividends declared on December 1. (1) Required information