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

February		1		Issues 6,000 shares of no-par common stock for $16 per share.
May		15		Issues 700 shares of $10 par value 12.5% preferred stock for $13 per share.
October		1		Declares a cash dividend of $1.25 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.

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