Required information Skip to question [The following information applies to the questions displayed below.] National Lea

[answerhappygod]

Required information
Skip to question
[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:
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.)