Exercise 10-5A 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 5,780 shares of no-par conmon stock for $16 per share. May 15 Issues 480 shares of s18 par value, 118 preferred stock for $13 per share. october 1 beclares a cash dividend of $1,10 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 transections. (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 5,700 shares of no-par common stock for $16 per share. Noke: Enter debits before credits. the first account field.) Journal entry worksheet 5 Record the issuance of 5,700 shares of no-par common stock for $16 per share. Note: Enter debits before credits