please explain

Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 103,104,105,107) [The following information applies to the questions displayed below. Tennis Appare! has two classes of stock authorized: 4%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 120 , e0e shares of coeson stock for $56 per share. February 14 Issue 46,090 shares of preferred steck for $13 per share. dividend on its preferred stock payable to all stockholders of recond on Qeceaber 15. The dividend is payable on Deceeber 30. (Hint: Dividends are not peid on treasury stock.) Deceeber 30 pay the cash dividends dectared on Deceober 1. Problem 10-6A (Algo) Part 1 Required: 1. Record each of these transactions. (If no entry is required for o transection/event, select "No Journal Entry Required" in the first account field.) Required: 1. Record each of these transactions. (If no entry is required for o transaction/event, select "No Journal Entry Required" in the firs occount field.)