Question: Italian Stallion has the following transactions during the year related to stockholders equity. February 1 Issues 4 , 2 0 0 shares of no -
Italian Stallion has the following transactions during the year related to stockholders equity.
February Issues shares of nopar common stock for $ per share.
May Issues shares of $ par value, preferred stock for $ per share.
October Declares a cash dividend of $ per share to all stockholders of record both common and preferred on October
October Date of record.
October Pays the cash dividend declared on October
Required:
Record each of these transactions. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field. Record the issuance of shares of nopar common stock for $ per share.Record the issuance of shares of $ par value, preferred stock for $ per share.Record the declaration of a cash dividend of $ per share to all stockholders of record both common and preferred on October Record the entry on the date of record.
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