1)

Issues 57,000 additional shares of $1 par value common stock for $54 per share. Record the transaction.

2)

Repurchases 5,200 shares of treasury stock for $57 per share. Record the transaction.

3)

Declares a cash dividend of $1.60 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Record the transaction.

4)

Pays the cash dividend declared on June 1. Record the transaction.

5)

Reissues 2,600 shares of treasury stock purchased on May 10 for $62 per share. Record the transaction. Dates: march 01,2015 may 10, 2015 june 01,2015 july 01,2015 october 01, 2015

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2015. Power Drive has the following transactions affecting stockholders' equity in 2015 Issues 57,000 additional shares of $1 par value common stock for $54 per share Repurchases 5,200 shares of treasury stock for $57 per share Declares a cash dividend of $1.60 per share to all stockholders of record on June 15 (Hint: Dividends are not paid on treasury stock.) Pays the cash dividend declared on June 1 Reissues 2,600 shares of treasury stock purchased on May 10 for $62 per share March May June 1 10 1 1 21 October Required: Record each of these transactions. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 133 Issues 57,000 additional shares of $1 par value common stock for $54 per share. Record the transaction. Date March 01,2015 General Journal Debit Credit Enter debits before credits clear entry record entry