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Northwest Clothing Supply has the following transactions during the year related to stockholders' equity: ...

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Accounting

Northwest Clothing Supply has the following transactions during the year related to stockholders' equity:
January 1 Issues 3,000 shares of no-par value common stock for $20 per share
March 15. Issues 800 shares of $20 par value preferred stock for $22 per share
December 1 Declares a cash dividend of $1 per share to all stockholders of record (both common and preferred) on December 15
December 15 Date of record
December 31 Pays the cash dividend declared on December 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.)
Journal entry worksheet
1
2
3
4
5
Record the issuance of 3,000 shares of no-par value common stock for $20 per share
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[January 01,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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