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 preferred sotck 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.

Required:

Record each of these transactions.( omit account numbers and descriptions)

Date	Discription	Debit	Credit