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

Nautical has two classes of stock authorized: $\$10$ par preferred, and $\$1$ par value common. As of the beginning of 2024 . 100 shares of preferred stock and 1,500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 March 1 Issue 1,500 edditional shares of conmon stock for $\$20$ per share. April I Issue 200 additional shares of preferred stock for $\$25$ per share. on June is. June 39 Pay the cash dividends declared on June 1. August 1 Purchase 200 shares of comon treasury stock for \$17 per share. October 1 . Relssue 100 shares of treasury stock purchased on dugust i for $\$19$ per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock. $\$1,000$, Common \$tock, \$1,500, Additional Paid in Capital, \$18,000, and Retained Eamings, \$10,000. Net income for the year ended December 31,2024 , is $\$6,900$. oblem 10-28 (Algo) Port 1 quired: Quired: Record each of these transactions. (If no entry is required for o porticular tronsoction/event, select "No Journal Entry Required" in first occount field.) Journal entry worksheet \begin{tabular}{|c|c|c|} \hline & 6 \\ \hline \end{tabular} Record the issuance of 1,500 additional shares of common stock for $\$20$ per share. Note: Enter debits before credits. Nautscal has two classes of stock authorized: $\$10$ par preferred, and $\$1$ par value common. As of the beginning of 2024 . 100 shares of preferred stock and 1.500 shares of common stock hive beren issued. The following transactions affect stockholders' equity during 2024 April 1 Iwaie 200 additienal shares of preferred stock for $\$25$ per share. on June is: Jure se Pay the cash dividends derlared on Jure 1. Aupost 7 Purchace 7 the shares of connon treasury stock for $\$17$ per share. Detober 1 firlssue 100 shares of treasury stock purchased on August 1 for $\$19$ per shark. Nautical has the following beginning balances in its stockholders equity accounts on January 1,2024: Preferred Stock. \$1,000, Common Stock, S1,500, Additional Paid-in Capital, $\$18,000$, and Retained Eamings, $\$10000$. Net income for the year ended December 31, 2024, is 56,900 . Problem 10-2B (Algo) Port 1 Required: 1. Pecord each of these transactions of no entry is required for o particular tronsoction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Rocord the issuance of 200 additional shares of preferred stock for 525 per share. Notes fnter detat before oreitis. Nautical has two classes of stock authorized: $\$10$ par preferred, and $\$1$ par value common. As of the beginning of 2024 . too shares of preferred stock and 1500 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : Farch 1 Tssue 1, see additional, shares of common stock far \$20 per share. April 1 Issue 200 additional shares of preferred stock for $\$25$ per thare. on June 15 . June 39 Pay the cash dividends declared on June 1. Augut: 1 Parchase 200 shares of comon treasury stock-for $\$17$ per share. Octeber 1 ffels sat 100 shares of erreasury stock purchased on August 1 for 519 per share. Nautical has the following beginning balances in its stockholder' equity accounts on January 1, 2024: Preferred Stock. \$1,000; Common Stock, \$1,500, Additional Paid in Capital, \$18,000, and Retained Earnings, S10,000. Net income for the year ended December 31,2024 , is $\$6.900$. Problem 10-2B (Algo) Part 1 equired: Record each of these transactions. (If no entry is required for o porticular transoction/event, select "No Journal Entry Required" in re first eccount field] Journal entry worksheet 1 5 6 Record the declaration of cash dividend on both common and prelerred stock of 50.75 per share to all stockholders of record on June 15. Notes Enter debits befare credits. Nautical has two classes of stock authorized $\$10$ par preferred, and $\$1$ par value common. As of the beginning of 2024 . 100 shares of preferred stock and 1500 shares of common stock have been issued. The following transactions affect stockholders' equily during 2024 : March 1 Issue 1,5e0 additional shares of comen stock for 520 per share. April 1 Issue 200 additional shares of preferred stock for $\$25$ per share. on June 15. June 39 Pay the cash dividends declared on June 1. August 1 Purchase 200 shares af common treasury stock for $\$17$ per share. October 1 Melssue 100 shares of treasury stock purchased on August 1 for $\$19$ per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$1,000, Common Stock, \$1,500, Additional Paid in Capitai, \$18,000, and Retained Eamings, \$10,000. Net income for the year ended December 31,2024 , is $\$6,900$. roblem 10-2B (Algo) Port 1 equired: Record each of these transactions. (If no entry is required for o particular transaction/event, select "No Journal Entry Required" in e first occount field.) Journal entry worksheet 6 Record the payment of the dividends declared on June 1. Note: Enter debats before credts. Nautical has two classes of stock authorized $\$10$ par preferred, and $\$1$ par value common. As of the beginning of 2024 . 100 shares of preferred stock and 1500 shares of common stock have been issued The following transactionis affect stockhoiders' equity during 2024 Narch 3 Issue $1,500$ additional shares of conoon stock for 520 per share. April 1 Issue 200 additional shares of perferred stock for \$25 per share. on Junit 15 ; June se Pay the cash atividends declared on June 1. Alapust 1 Purchase 200 shares of conmon treasury stock for $\$17$ per share. Detober 1 Reissur 100 shares of treasury stock purchased an August 1 for $\$19$ per share. Natticat has the following beginning balances in its stockholders' equity accounts on January 1, 2024. Preferred Stock. $\$1,000$, Common Stock, \$1,500, Additional Paid in Capital, \$18,000; and Retained Earnings, \$10,000. Net income for the year ended December 31,2024, is $\$6,900$ Problem 10-28 (Algo) Part 1 lequired: Record each of these transactions, (If no entry is required for o porticulor tronsoction/event, select "No Journal Entry Required" in he first occount field.) Journal entry worksheet 12 6 Record the purchase of 200 shares of common treasury stock for $\$17$ per share. Note: Enter debita befoee credits. Nautical has two classes of stock authorized: $\$10$ par preferred, and $\$1$ par value common. As of the beginning of 2024 . 100 shares of preferred stock and 1,500 shares of common stock have been issued. The following transactions affect stockholder' equity during 2024 Narch 1 Issue 1, see additional shares of conan stock for fze per share. Aprill 1 Issue 200 additional shares of preferred stock for \$25 per share. an June is. June 20 Pey the cash dividends declared on June 1. August 1 . Purchase 200 shares of conmon treasury stock for $\$17$ per share. Detober 1 fiets sue tog shares of treasury stock purchased on August 1 for $\$19$ per share. Naitical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock. $\$1,000$, Common Stock, \$1,500, Additional Paid in Capital, \$18,000, and Retained Earnings, \$10,000. Net income for the year ended December 31,2024 , is $\$6,900$ roblem 10-2B (Algo) Part 1 equired: Record each of these transactions. (If no entry is required for o porticular tronsaction/event, select "No Journal Entry Required" in Recol e first occount field.) Journal entry worksheet $\begin{array}{lllll}1& 2& 3& ?4& 5\end{array}$ Record the rosale of 100 shares of treasury stock purchased on August 1 for $\$19$ per share. Note: Enter debits before credits.