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Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 I ssues 5,700 shares of no-par common stock for $16

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Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 I ssues 5,700 shares of no-par common stock for $16 per share. May 15 Issues 400 shares of $10 par value, 118 preferred stock for $13 per share. october 1 Declares a cash dividend of $1.10 per share to all stockholders of record (both common and preforred) on Ootober 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" the first account field.) Journal entry worksheet Record the issuance of 5,700 shares of no-par common stock for $16 per share. 1 Record the issuance of 5,700 shares of no-par common stock for $16 per share. 2 Record the issuance of 400 shares of $10 par value, preferred stock for $13 per share. 3 Record the declaration of a cash dividend of $1.10 per share to all stockholders of record (both common and preferred) on October 15. 4 Record the entry on the date of record. 5 Record payment of the cash dividend declared on October 1

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