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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
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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