4

10.00 points value: Italian Stalion has the following transactions during the year related to stockholders equity February 1 Issues 5,600 shares of no-par common stock for $15 per share May 15 issues 400 shares of $10 par value, 105% preferred stock for $12 per share. October 1 Declares a cash dividend of $1.05 per share to all stockholders of record (both common and preferred) on October 15 October 15 Date of record October 31 Pays the cash dividend declared on October 1 Required: Record each of these transactions. (If no entry is required for a transactionievent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Issues 5,600 shares of no-par common stock for $15 per share. Note: Enter debits before credits. Date General Journal Debit Credit February 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet Issues 400 shares of $10 par value preferred stock for $12 per share. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 5 Declares a cash dividend of $1.05 per share to all stockholders of record (both common and preferred) on October 15. Note: Enter debits before credits. Date General Journal Debit Credit October 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet Date of record. Note: Enter debits before credits. Date General Journal Debit Credit October 15 Record entry Clear entry View general journal View transaction list Journal entry worksheet Pays the cash dividend declared on October 1. Note: Enter debits before credits. Date General Journal Debit Credit October 31 Record entry Clear entry View general journal