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Help Save & E Required information The following information applies to...

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Accounting

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Help Save & E Required information The following information applies to the questions displayed below) National League Gear has two classes of stock authorized: 6%. $20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2021. National League's first year of operations February 2 Issue 1.3 million shares of common stock for $25 per share. February 4 Issue 530,eee shares of preferred stock for 522 per share. June 15 Purchase 10,000 shares of its own common stock for $25 per share August 15 Resell 97.500 shares of treasury stock for 538 per share. November 1 Declare a cash dividend on its common stock of $1.10 per share and a $636,000 (% of par value) cah dividend on its preferred stock payable to all stockholders of record on November 15. Dividends are not paid on treasury stock) bers Pay the dividends declared on November 1 Required: 1. 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) View Journal entry worksheet 2 (PICY 21 22 of 23 Next >

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