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Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 4,300 shares of no-par common stock for $14 per
Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 4,300 shares of no-par common stock for $14 per share. May 15 Issues 800 shares of $10 par value, 48 preferred stock for $11 per share. October 1 Declares a cash dividend of $0.40 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.) View transaction list Journal entry worksheet 2 3 4 5 Record the issuance of 4,300 shares of no par common stock for $14 per share Note: Enter debits before credits General Journal Debit Credit Date February 01
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