View transaction list Journal entry worksheet 2 5 6 1 3 Record the resell 90,000 shares of treasury stock for $42 per share. Note: Enter debits before credits. Credit Date General Journal Debit August 15, 2021 Record entry View general journal 4 View transaction list Journal entry worksheet 1 2 3 4 5 Record the declaration of a cash dividend on its common stock of $1.20 per share and a $456,000 (4% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15. (Hint: Dividends Note: Enter debits before cred its. Debit Credit General Journal Date November 01, 2021 Record entry View general journal LO View transaction list Journal entry worksheet 2 1 3 4 5 Record the dividends declared on November 1 Note: Enter debits before credits. Date Credit General Journal Debit November 30, 2021 Record entry View general journal CO Required information [The following information applies to the questions displayed below.] National League Gear has two classes of stock authorized: 4%, $20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2021, National League's first year of operations: February 2 Issue 1.2 million shares of common stock for $32 per share. February 4 Issue 570,000 shares of preferred stock for $23 per share. June 15 Purchase 120,000 shares of its own common stock for $27 per share. August 15 Resell 90,000 shares of treasury stock for $42 per share. November 1 Declare a cash dividend on its common stock of $1.20 per share and a $456,000 (4% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15. (Hint: Dividends are not paid on treasury stock.) November 30 Pay the dividends declared on November 1. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 4 6 Record the issuance of 1.20 million shares of common stock for $32 per share Note: Enter debits before credits. Date General Journal Debit Credit February 02, 2021 Record entry View general journal View transaction list Journal entry worksheet