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Journal entry worksheet Record the purchase of 12,000 shares of its own common stock for $43 per share. Note: Enter debits before credits. Journal entry worksheet Record the entry on December 15, the date of record. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 43,000 shares of preferred stock for $13 per share. Note: Enter debits before codits. Journal entry worksheet Record the issuance of 120,000 shares of common stock for $53 per share. Note: Enter debits before credits. Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 103,104,105,107) [The following information applies to the questions displayed below.] Tennis Apparel has two classes of stock authorized: 4%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 ts sue 120,009 shares of conaco stock for $5} per share. rebruary 14 Issue 43,000 shares of preferred steck for $13 gen share. May 8 Purchase 12,000 shares of its oun comon stock for $43 per share. May 31 Hesel1 6,000 shates of treasury stock for $48 per share. Deceber 1 Declare a cash dividend on its conen stock of $0.40 per share and a $17,200 (4X of par value) cash dividend on its preferred stock payabie to all stockholders of record on Pecenber 15 . The divilend is Decenber 30 Pay the cash dividends declared on Decenber 1. Problem 10-6A (Algo) Part 1 Required: . Record each of these transactions. (If no entry is required for o transoction/ovent, fielect "No Journal Entry Required" in the first sccount field.) Journal entry worksheet Record the resale of 6,000 shares of treasury stock for $48 per share. Note: Enter debits before credits. Journal entry worksheet Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend on its common stock of $0.40 per share and a $17,200 ( 4% of par value) cash dividend on its preferred stock payable to all stockholders. The dividend is payable on December 30 . (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits

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