Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows has $100,000$ shares of common stock outstanding as of the beginning of $2024.$ Bay Meadows has the following transactions affecting stockholders' equity in $2024.$

$\backslash$table$[[$March $1,$Issues $54,000$ additional shares of $$1$ par value common stock for $$51$ per share.$],[$May $10,$Purchases $4,900$ shares of treasury stock for $$54$ per share.$],[$June $1,$Declares a cash dividend of $$1\mathrm{.}45$ per share to all stockholders of record on June $15.($Hint: Dividends are$],[$July $1,$not paid on treasury stock.$)],[$October $21$ Resells cash dividend declared on June $1.,]]$

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

$1$

$2$

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$5$

Record the issuance of $54,000$ additional shares of $$1$ par value common stock for $$51$ per share.