value 3.00 points Exercise 10-5 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 stoc kholders' equity February 1 Issues 5,000 shares of no-par common stock for $15 per share May 15 issues 500 shares of S 10 par value, 7 5% preferred stock for S12 per share. October 1 Declares a cash dividend of $0.75 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 transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Issues 5,000 shares of no-par common stock for $15 per share. Note: Enter debits before credits Date General Journal Debit Credit February 01 Record entry Clear entry View general journal