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Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2018, 100 shares of preferred stock and 1,800 shares of common stock have been issued. The following transactions affect stockholders equity during 2018:

March 1 Issue 1,800 additional shares of common stock for $17 per share.

April 1 Issue 200 additional shares of preferred stock for $28 per share.

June 1 Declare a cash dividend on both common and preferred stock of $0.60 per share to all stockholders of record on June 15.

June 30 Pay the cash dividends declared on June 1.

August 1 Purchase 200 shares of common treasury stock for $14 per share.

October 1 Reissue 100 shares of treasury stock purchased on August 1 for $16 per share.

Nautical has the following beginning balances in its stockholders equity accounts on January 1, 2018: Preferred Stock, $1,000; Common Stock, $1,800; Additional Paid-in Capital, $18,300; and Retained Earnings, $10,300. Net income for the year ended December 31, 2018, is $7,050.

Record the issue of additional common stock. Record the issue of preferred stock. Record declaration of cash dividend. Record the entry on the date of record. Record the payment of cash dividends declared. Record the purchase of treasury stock. Record the purchase of treasury stock.

Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3 4 5 6 Record the purchase of treasury stock Note: Enter debits before credits. Credit Date Debit General Journal August 01, 2018 2. Select whether each of the following transactions increases or decreases(total assets, total liabilities, and total stockholders' equity. (If none of the categories apply for a particular item, leave the cell blank.) Total Total Assets Total Liabilities Stockholders Equity Transaction Issue common stock Issue preferred stock Declare cash dividends Pay cash dividends Purchase treasury stock Reissue treasury stock