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5 Book 0 14 10 Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100.000 shares
5 Book 0 14 10 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 March Hay June July 1 Issues 45,000 additional shares of $1 par valse common stock for 143 per share. 10 Purchases 4,000 shares of treasury stock for $45 per share. 1 Declares a cash dividend of $1.00 per share to all stockholders of record on June 15, not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. October 21 Resells 2,000 shares of treasury stock purchased on May 10 for $50 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 Est Journal entry worksheet 2 5 erences Record the issuance of 45,000 additional shares of $1 par value common stock for $42 per share. Note: Enter debits before credits Date General Journal Debit Credit March 01, 2021 Cash 4,030,000 Common Stock 65.000 Additional Paid-in Capital 3,965,000 Check my work
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