Italian Stallion has the following transactions during the year related to stockholders equity.

February		1		Issues 4,900 shares of no-par common stock for $14 per share.
May		15		Issues 700 shares of $10 par value, 7% preferred stock for $11 per share.
October		1		Declares a cash dividend of $0.70 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.)

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 R the first account field.) Answer is not complete. No Date General Journal 1 Debit February 01 Credit Cash Common Stock 68,600 68,600 2 May 15 Cash 7,700 Preferred Stock Additional Paid-in Capital . 7,000 700 3 October 01 Cash Dividends Payable 3,920 3,430 490 4 October 15 No Journal Entry Required 5 October 31 Common Stock Preferred Stock 3,430 % 490 X Cash 3,920