Northwest Clothing Supply has the following transactions during the year related to stockholders' equity:

January $1$ Issues $3,000$ shares of no$-$par value common stock for $$18$ per share

March $15$ Issues $800$ shares of $$20$ par value preferred stock for $$23$ per share

December $1$ Declares a cash dividend of $$2$ per share to all stockholders of record $($both common and preferred$)$ on December $15$

December $15$ Date of record

December $31$ Pays the cash dividend declared on December $1$

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.$)$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

Record the issuance of $3,000$ shares of no$-$par value common stock for $$18$ per share.

Note: Enter debits before credits.