Required information (The following information applies to the questions displayed below.] Tennis Apparel has two classes...

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Required information (The following information applies to the questions displayed below.] Tennis Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 110,000 shares of common stock for $64 per share. February 14 Issue 54,000 shares of preferred stock for $12 per share. May 8 May 31 Purchase 11,000 shares of its own common stock for $54 per share.. Resell 5,500 shares of treasury stock for $59 per share. December 1 Declare a cash dividend on its connon stock of $0.70 per share and a $32,400 (6% 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. 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 6 7 Record the entry on December 15, the date of record. Note: Enter debits before credits Date General Journal Debit Credit Journal entry worksheet > 3 5 6 7 Record the entry on December 15, the date of record. Note: Enter debits before credits. Date December 15, 2034 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 2 3 6 7 Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits. Date December 30, 2024 General Journal Debit Credit Record entry Clear entry View general journal Required information (The following information applies to the questions displayed below.] Tennis Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 110,000 shares of common stock for $64 per share. February 14 Issue 54,000 shares of preferred stock for $12 per share. May 8 May 31 Purchase 11,000 shares of its own common stock for $54 per share.. Resell 5,500 shares of treasury stock for $59 per share. December 1 Declare a cash dividend on its connon stock of $0.70 per share and a $32,400 (6% 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. 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 6 7 Record the entry on December 15, the date of record. Note: Enter debits before credits Date General Journal Debit Credit Journal entry worksheet > 3 5 6 7 Record the entry on December 15, the date of record. Note: Enter debits before credits. Date December 15, 2034 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 2 3 6 7 Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits. Date December 30, 2024 General Journal Debit Credit Record entry Clear entry View general journal