Business, 30.11.2019 02:31 jaidalynkimora

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 preferred sotck 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 15.

october 15 date of record.

october 31 pays the cash dividend declared on october 1.

required:

record each of these transactions.( omit account numbers and descriptions)

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Italian stallion has the following transactions during the year related to stockholders' equity