[The following information applies to the questions displayed below] Nauticat has two classes...

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Accounting

[The following information applies to the questions displayed below]
Nauticat has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021,100 shares of preferred stock and 2,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021:
March 1 Issue 2,300 additional shares of common stock for $18 per share.
April 1 Issue 200 additional shares of preferred stock for $33 per share.
June 1 Declare a cash dividend on both cormon and preferred stock of $0.65 per share to all stockholders of record on June 15.
June 30 Pay the cash dividends declared on June 1.
August 1 Purchase 289 shares of common treasury stock for $15 per share.
October 1 Reissue 180 shares of treasury stock purchased on August 1 for $17 per share.
Nautical has the following beginning balances in its stockholders' equity accounts on January 1,2021: Preferred Stock,
$1,000; Common Stock, $2,300; Additional Paid-in Capital, $18,800; and Retained Earnings, $10,800. Net income for the year ended December 31,2021, is $7,300.
Required:
Record each of these transactions. (If no entry is requlred for a portlcular transectlon/event, select "No Journal Entry Requlred" In the first occount field.)
View transaction list
View journal entry worksheet
\table[[,No,Date,General Joumal,Debit,Credit],[l,1,March 01,2021,Cash,\table[[41.400]],],[,,Comman Stock,,2,300],[,,Additional Paid-In Capital,,39,100],[,,,,],[1,2,April 01,2021,Cash,6.600,],[,,Preferred Stock,,2.000],[,,Additional Paid-In Capital,T,4.600],[,,,,],[1,3,June 01,2021,\table[[Dividends]],L-,],[,,Dividends Payable,T,],[,,E,T,],[1,.4,June 30,2021,Dividends Payable,,],[,,Cash,3,],[,,,,],[1,5,August 01,2021,Treasury Stock,3,000,],[,,Cash,,3.000],[,,,,],[1,6,October 01,2021,Cash,1,700,]]
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