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 4,200 shares of no-par common stock for $15 per share. May 15 Issues 200 shares of $10 par value, 3.5% preferred stock for $12 per share. October 1 Declares a cash dividend of $0.35 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 4,200 shares of no-par common stock for $15 per share. View transaction list Journal entry worksheet Record the issuance of 200 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 Journal entry worksheet Record the declaration of a cash dividend of $0.35 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 Journal entry worksheet Record payment of the cash Note: Enter debits before credits. Date General Journal Debit Credit October 31 Record entry Clear entry View general journal