5 Italian Stallion has the following transactions during the year related to stockholders' equity. February 1...
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5 Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 4,800 shares of no-par common stock for $15 per share. May 15 Issues 300 shares of $10 par value, 6.5% preferred stock for $12 per share. October 1 Declares a cash dividend of $0.65 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" i the first account field.) Journal entry worksheet 1 2 3 4 5 Record the issuance of 4,800 shares of no-par common stock for $15 per share. Note: Enter debits before credits. Date February 01 General Journal Debit Credit Journal entry worksheet < 1 3m 3 4 5 Record the issuance of 300 shares of $10 par value, preferred stock for $12 per share. Note: Enter debits before credits. Date May 15 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 Record the declaration of a cash dividend of $0.65 per share to all stockholders of record (both common and preferred) on October 15. Note: Enter debits before credits. Date October 01 General Journal Debit Credit Journal entry worksheet 1 2 3 5 LO Record the entry on the date of record. Note: Enter debits before credits. Date October 15 Record entry General Journal Debit Credit Journal entry worksheet 2 3 4 Record payment of the cash dividend declared on October 1. Note: Enter debits before credits. Date October 31 Record entru General Journal Debit Credit 5 Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 4,800 shares of no-par common stock for $15 per share. May 15 Issues 300 shares of $10 par value, 6.5% preferred stock for $12 per share. October 1 Declares a cash dividend of $0.65 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" i the first account field.) Journal entry worksheet 1 2 3 4 5 Record the issuance of 4,800 shares of no-par common stock for $15 per share. Note: Enter debits before credits. Date February 01 General Journal Debit Credit Journal entry worksheet < 1 3m 3 4 5 Record the issuance of 300 shares of $10 par value, preferred stock for $12 per share. Note: Enter debits before credits. Date May 15 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 Record the declaration of a cash dividend of $0.65 per share to all stockholders of record (both common and preferred) on October 15. Note: Enter debits before credits. Date October 01 General Journal Debit Credit Journal entry worksheet 1 2 3 5 LO Record the entry on the date of record. Note: Enter debits before credits. Date October 15 Record entry General Journal Debit Credit Journal entry worksheet 2 3 4 Record payment of the cash dividend declared on October 1. Note: Enter debits before credits. Date October 31 Record entru General Journal Debit Credit
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