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 1 Issues 4,200 shares of no-par common stock for $15 per share.
May 15 Issues 200 shares of $10 par value, 3.5% preferred stock for $12 per share.
October 1 Declares a cash dividend of $0.35 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.) Record the issuance of 4,200 shares of no-par common stock for $15 per share.Record the issuance of 200 shares of $10 par value, preferred stock for $12 per share.Record the declaration of a cash dividend of $0.35 per share to all stockholders of record (both common and preferred) on October 15.Record the entry on the date of record.

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