Record each of the transactions for ltalian stallion

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Reference no: EM132589089

Ltalian Stallion has following transactions during the year related to stockholders' equity.

February 1 Issued 4900 shares of no-par common stock for $14 per share.

May 15 Issued 700 shares of $10 par value preferred stock for $11 per share.

October 1 Declares a cash dividend of $0.70 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:

Question 1: Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.)

Reference no: EM132589089

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