Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 10-3, 10-4, 10-5, 10-7) [The following information applies to the questions displayed below.] Golf Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 100,000 shares of common stock for $52 per share. February 14 May 8 May 31 December 1 Issue 42,000 shares of preferred stock for $11 per share. Purchase 10,000 shares of its own common stock for $42 per share. Resell 5,000 shares of treasury stock for $47 per share. Declare a cash dividend on its common stock of $0.35 per share and a $21,000 (5% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1. Problem 10-6A (Algo) Part 1

Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 10-3, 10-4, 10-5,10-7) [The following information applies to the questions displayed below] Golf Apparel has two classes of stock authorized: 5%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issue 18e,60e shares of common stogs for $52 per share. February 14 issue 42 , 00e shares of preferred stock for $11 per share. May 8 Purchase 18,6ee shares of its own comnon stock for $42 per share. May 31 Resell 5 , e0e shares of treasury stock for $47 per share. December 1 Declare a cash dividend on its common stoek of se.35 per share and a $21,e0 (5t of par value) cash dividend on its preferred stock payable to a11 stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 3e Pay the cash dividends declared on December 1. Problem 10.6A (Algo) Part 1 Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 10-3, 10-4, 10-5,10-7) [The following information applies to the questions displayed below] Golf Apparel has two classes of stock authorized: 5%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issue 18e,60e shares of common stogs for $52 per share. February 14 issue 42 , 00e shares of preferred stock for $11 per share. May 8 Purchase 18,6ee shares of its own comnon stock for $42 per share. May 31 Resell 5 , e0e shares of treasury stock for $47 per share. December 1 Declare a cash dividend on its common stoek of se.35 per share and a $21,e0 (5t of par value) cash dividend on its preferred stock payable to a11 stockholders of record on December 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) December 3e Pay the cash dividends declared on December 1. Problem 10.6A (Algo)