Save & Exit Submit Question 2 (of 3) slue 3.00 points Exercise 10-5 Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10-5) Itallan Stallion has the following transactions during the year related to stockholders equity February 1 Issues 5,100 shares of no-par common stock for $16 per share May 15 issues 500 shares of $10 par value, 8% preferred stock for S 13 per share. October 1 Declares a cash dividend of $0.80 per share to alil stockldofreord (tboth 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 transaction event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1227 ype here to search