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Italian Stallion has the following transactions during the year related to stockholders equity February 1 Issues 4,000 shares of no-par common stock for $14 per

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Italian Stallion has the following transactions during the year related to stockholders equity February 1 Issues 4,000 shares of no-par common stock for $14 per share. May 15 T 200 shares of $10 par value, 2.51 preferred stock for $11 per share. October 1 Declares a cash dividend of $0.25 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. 111 port 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.) Answer is not complete. NO Date General Journal Credit Debit 50,000 February 01 Cash Common Stock OO 56,000 2 May 15 Cash 2.200 Preferred Stock Additional Paid-in Capital OOO 2.000 200 October 01 Dividends Dividends Payable Oo oo 4 October 15 Dividends Payable Cash

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