Check my work Exercise 10-5A Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10-5) Italian Stallion has the following transactions during the year related to stockholders' equity February 1 Issues 6,000 shares of no-par common stock for $16 per share. May 15 Issues 700 shares of $10 par value 12.54 preferred stock for $13 per share. October 1 Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on October 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 View journal entry worksheet Homework - Graded A Saved 1 Record the issuance of 6,000 shares of no-par common stock for $16 per share. Record the issuance of 700 shares of $10 par value preferred stock for $13 per share. Record the declaration of a cash dividend of $1.25 per Share to all stockholders of record (both common and preferred) on October 15. 4 Record the date of record entry. 5 Record payment of the cash dividend declared on October Note : = journal entry has been entered