create journal entry for each date listed in the question.

The following information applies to the questions displayod below] Nautical has two classes of stock authorized 510 par preferred and $1 pnr value common As of the beginning of 2.024. 125 shares of preferted stock and 1700 shares of common stock have been issued The following trensoctions affect stocichoiders' equity during 2024 : March 1 Issue 1, Jee additienal shares of comon stock for $1.8 per share. Apell 1 Issue 175 additional shares of preferred stock for $27 per share. on 2 une 15 . June 38 Pay the cash divideods declared on June 1. August 1 Purchuse 175 skares of comon treasury stock. for $15 per share. Navtical has the following beginning balances in its stockholders' equity accounts on January 1,2024: Preferred Stock. \$1,250, Common Stock, \$1,700, Additional Paid-in Copital, \$18.200, and Retained Earnings, $10,200 Net income for the year ended December 31,2024, is $7,000. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journai Entry Required" in the first account fleld.) Journal entry worksheet (1.) (3) (4.) (5) (6) Record the issuance of 175 additional thares of preferred stock for $27 per share