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Northwest Clothing Supply has the following transactions during the year related to stockholders' equity: January 1 Issues 4,000 shares of no-par value common stock for

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Northwest Clothing Supply has the following transactions during the year related to stockholders' equity: January 1 Issues 4,000 shares of no-par value common stock for $21 per share March 15 Issues 800 shares of $20 par value preferred stock for $22 per share December 1 Declares a cash dividend of $5 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 Record the issuance of 4,000 shares of no-par value common stock for $21 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 800 shares of $20 par value preferred stock for $22 per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend of $5 per share to all stockholders of record (both common and preferred) on December 15. Note: Enter debits before credits. Journal entry worksheet 12 Note: Enter debits before credits. Journal entry worksheet 1 Record the payment of the cash dividend declared on December 1. Note: Enter debits before credits

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