2 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 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. 15 March points May 1 Issues 51,000 additional shares of $1 par value common stock for $48 per share. 10 Purchases 4,600 shares of treasury stock for $51 per share. eBook Hint June July 1 Declares a cash dividend of $1.30 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. October 21 Resells 2,300 shares of treasury stock purchased on May 10 for $56 per share. 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.) View transaction list View journal entry worksheet Ask No Date General Journal Debit Credit 1 March 01, 2021 Cash Print Common Stock Additional Paid-in Capital References