Exercise 10-5A Record common stock, preferred stock, and dividend transactions (L010-2, 10-3, 10-5) Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 4,600 shares of no-par common stock for $14 per share. May 15 Issues 300 shares of $10 par value, 5.5$ preferred stock for $11 per share. October 1 Declares a cash dividend of $0.55 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 particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 4,600 shares of no-par common stock for $14 per share. Note: Enter debits before credits. Date General Journal Debit Credit February 01 Record entry Clear entry View general Journal Journal entry worksheet 2 3 3 4 5 5 Record the issuance of 300 shares of $10 par value preferred stock for $11 per share. Note: Enter debits before credits. General Journal Debit Credit Date May 15 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 5 5 Record the declaration of a cash dividend of $0.55 per share to all stockholders of record (both common and preferred) on October 15. Note: Enter debits before credits. General Journal Debit Credit Date October 01 Record entry Clear entry View general Journal Journal entry worksheet