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Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 4,600 shares of no-par common stock for $14 per
Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 4,600 shares of no-par common stock for $14 per share. May 15 Issues 300 shares of $10 par value, 5.5% preferred stock for $11 per share. October 1 Declares a cash dividend of $0.55 per share to all stockholders of record (both 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 particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 4,600 shares of no-par common stock for $14 per Journal entry worksheet 1 2 3 4 5 > Record the issuance of 4,600 shares of no-par common stock for $14 per share. Note: Enter debits before credits. General Journal Debit Credit Date February 01 Record entry Clear entry View general Journal Journal entry worksheet Record the declaration of cash dividend of $0.55 per share to all stockholders of record (both common and preferred) on October 15. Note: Enter debits before credits. Date General Journal Debit Credit October 01 Record entry Clear entry View general Journal Journal entry worksheet Record the date of record entry. Note: Enter debits before credits. General Journal Debit Credit Date October 15 Record entry Clear entry View general Journal CH Journal entry worksheet
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