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Italian Stallion the next translations throughout the yr associated to stockholders’ fairness.

February 1: Points 4900 shares of no-par frequent inventory for $14 share.

Could 15: Points 700 shares of $10 par worth most well-liked inventory for $11 per share.

October 1: Declares a money dividend of $zero.70 per share to all stockholders of report (each frequent and most well-liked) on October 15.

October 15: Date of report

October 31: Pays the money dividend declared on October 1

Required:

File every of those transactions. (If no entry is required for a transaction/occasion, choose “No journal entry required” within the first account subject.)Get accounting project homework assist