Exercise 10-6 (Algo) Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10 - 5) Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Inaued 4,700 shares of no-par common stock for $16 per share. May 15 Issues -300 , shares of 510 par value, 5l preferred btock for 513 per share, Detober 15 . Doteber 15 Date of record. Oetober 31 Pays the cash dividend declared on Qctober: 1. Required: 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.) Journal entry worksheet 4 Record the issuance of 4,700 shares of no-par common stock for $16 per share. Notet Enter debits before credits. Exercise 10-6 (Algo) Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10- 5) Italian Stallion has the following transactions during the year related to stockholders' equity. Tebruary: 1 issuen 4,700 shares of no-par cowmon stock for $16 per share. May I5" Issues. 300 shares of $10 par value, 6t preferred stock for $13 per ahare. detober 15. betober 15 bate of record. October 31 Pays the cash dividend declared on Cetober 1. Required: 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.) Journal entry worksheet 5 Record the issuance of 300 shares of $10 par value, preferred stock for $13 per share. Note: Enter debits before credits. Exercise 10-6 (Algo) Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 105) Italian Stallion has the following transactions during the year related to stockholders' equity. Pebrasty 1 Issues 4,700 shares of no-par conmon stock for 516 per share. May 15 Insues, 300 shares of $10 par value, 6 preferred atock for $13 per share, Dotober 15 . october 15 Date of record. Oetober 31 Pays the cash dividend declared on October 1. Required: 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.) Journal entry worksheet 5 Record the declaration of a cash dividend of $0.60 per share to all stockholders of record (both common and preferred) on October 15 . Note: Enter debies before creditsi. Exercise 10-6 (Algo) Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10 . 5) Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Isstes 4,700 shares of no-par common stock for $16 per ahare. May 15 Tenvet 300 ahares of $10 par value, 68 preferred gtock for $13 per share. Dctober 15 . October 15 bate of record. oetober 31- Pays the cash dividend declared on Dotober 1 . Required: 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.) Journal entry worksheet Record the entry on the date of record. Note: Enter debits before credits. Exercise 10-6 (Algo) Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10- 5) Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 4,700 shares of no-par conmon stoek for $16 per whare. May 15 Isenes 300 shares of $10 par value, 6t preferred stoek for $13 por ahare. October 1 Deelares a cash dividend of $0.60 per share to all stockholders of record (both comeon and preferred) on October 15 . October 15 Date of record. October 31 Payw the cash dividend declared on october 1. Required: 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.) Journal entry worksheet Record payment of the cash dividend deciared on October 1. Note: Enter debits before credits
