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i am stuck, many thumbs up. Italian Stallion has the following transactions during the year related to stockholders' equity February 1 Issues 5,700 shares of
i am stuck, many thumbs up.
Italian Stallion has the following transactions during the year related to stockholders' equity February 1 Issues 5,700 shares of no-par common stock for $16 per share. May 15 Issues 400 shares of $10 par value, 11% preferred stock for 513 per share. October 1 Declares 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. View transaction at View journal entry worksheet book NO 1 General Journal 2 Date February 01 Credit Debit 91,200 Cath Common Stock tre 91,200 2 2 May 15 Cash Preferred Stock Additional Paid-in Capital October 01 Dividends Dividends Payable 4 Odober 15 No Journal Entry Required 5 Odober 31 Dividends Payable Cash Step by Step Solution
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