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I need help, thanks Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 5,800 shares of no-par common
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Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 5,800 shares of no-par common stock for $14 per abare. May 15 Issues 400 shares of $10 par value, 11.5% preferred stack for $11 per share. October 1 Declares a cash dividend of $1.15 per share to all stockholders of record (buth 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.) Vlew transaction list Journal entry worksheet 2 3 4 5 Record the issuance of 5,800 shares of no-par common stock for S14 per share. Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 5,800 shares of no-par common stock for $14 per abare. May 15 Issues 400 shares of $10 par value, 11.5% preferred stack for $11 per share. October 1 Declares a cash dividend of $1.15 per share to all stockholders of record (buth 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.) Vlew transaction list Journal entry worksheetStep by Step Solution
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