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Italian Stallion has the following transactions during the year related to stockhoiders equity. Febraary 1 Issues 4,800 shares of no-par connon stock for $15 per

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Italian Stallion has the following transactions during the year related to stockhoiders equity. Febraary 1 Issues 4,800 shares of no-par connon stock for $15 per share. kay is Issues 390 shares of $10 par value, 6.5% preferred stock for $12 per share. october 1 beclares a cash dividend of $9.65 per share to all stockholders of record (both comon and preferred) on october 15. october 15 Date of record. october 31 Pays the cash dividend declared on actober 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.)

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