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 $$10$ par value, $5\mathrm{.}5\%$ preferred stock for $$11$ per share.

October $1$ Declares a cash dividend of $$0\mathrm{.}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.$)$

Journal entry worksheet

Record the issuance of $4,600$ shares of no$-$par common stock for $$14$ per

share.