Problem $10-2$B $($Algo$)$ Record equity transactions and indicate the effect on the balance sheet equation

$($LO$10-2,10-3,10-4,10-5)$

$[$The following information applies to the questions displayed below.$]$

Nautical has two classes of stock authorized: $$10$ par preferred, and $$1$ par value common. As of the beginning of $2024,$

$150$ shares of preferred stock and $1,900$ shares of common stock have been issued. The following transactions affect

stockholders' equity during $2024$ :

March $1$ Issue $1,900$ additional shares of common stock for $$16$ per share.

April $1$ Issue $150$ additional shares of preferred stock for $$29$ per share.

June $1$ Declare a cash dividend on both common and preferred stock of $$0\mathrm{.}55$ per share to all stockholders of record

on June $15.$

June $30$ Pay the cash dividends declared on June $1.$

August $1$ Purchase $250$ shares of common treasury stock for $$13$ per share.

October $1$ Reissue $150$ shares of treasury stock purchased on August $1$ for $$15$ per share.

Nautical has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock,

$$1,500$; Common Stock, $$1,900$; Additional Paid$-$in Capital, $$18,400$; and Retained Earnings, $$10,400.$ Net income for the

year ended December $31,2024,$ is $$7,100.$

Problem $10-2$B $($Algo$)$ Part $2$

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.$)$Required information Problem $10-2$B $($Algo$)$ Record equity transactions and indicate the effect on the balance sheet equation $($LO$10-2,10-3,10-4,10-5)[$The following information applies to the questions displayed below.$]$ Nautical has two classes of stock authorized: $\backslash$$$10$ par preferred, and $\backslash$$$1$ par value common. As of the beginning of $2024,125$ shares of preferred stock and $1,100$ shares of common stock have been issued. The following transactions affect stockholders' equity during $2024$: March $1$ Issue $1,100$ additional shares of common stock for $$11$ per share. April $1$ Issue $175$ additional shares of preferred stock for $$21$ per share. June $1$ Declare a cash dividend on both common and preferred stock of $$0\mathrm{.}30$ per share to all stockholders of record on June $15.$ June $30$ Pay the cash dividends declared on June $1.$ August $1$ Purchase $175$ shares of common treasury stock for $$8$ per share. October $1$ Reissue $125$ shares of treasury stock purchased on August $1$ for $\backslash$$$10$ per share. Nautical has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Preferred Stock, $$1,250$ ; Common Stock, $$1,100$ ; Additional Paid$-$in Capital, $$17,600$ ; and Retained Earnings, $$9,600.$ Net income for the year ended December $31,2024,$ is $$6,700.$ Problem $10-2$B $($Algo$)$ Part $1$ Required: 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.$)$