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. March 1 Issues 45,000 additional shares of $1 par value common stock for $42 per share. May 10 Purchases 4,60 shares of treasury stock fr $45 per share. June 1 Declares a cash dividend of $1.06 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,00e shares of treasury stock purchased on May 10 for $5 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.) Journal entry worksheet 23 Record the Issuance of 45,000 additional shares of $1 par value common stock for $42 per share. Note: Enter debits before credits. 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. March 1 Issues 45,000 additional shares of $1 par value common stock for $42 per share. May 10 Purchases 4,000 shares of treasury stock for $45 per share. June 1 Declares a cash dividend of $1,80 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2, 90 shares of treasury stock purchased on May 10 for $5 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.) Journal entry worksheet Record the purchase of 4,000 shares of treasury stock for $45 per share. Note: Enter debits before credits. Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Headows 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. March 1 Issues 45,000 additional shares of $1 par value common stock for $42 per share. May 10 Purchases 4,080 shares of treasury stock fr $45 per share. June 1 Declares a cash dividend of $1.00 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,800 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.) Journal entry worksheet Note: Enter debits before credits. 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. March 1 Issues 45,000 additional shares of $1 par value common stock for $42 per share. May 10 Purchases 4,000 shares of treasury stock for $45 per share. June 1 Declares a cash dividend of $1. per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 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.) Journal entry worksheet Record payment of the cash dividend declared on June 1. Note: Enter debits before credits. 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. March 1 Issues 45,800 additional shares of $1 par value common stock for $42 per share. May 10 Purchases 4,000 shares of treasury stock forr $45 per share. June 1 Declares a cash dividend of $1.0 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,0 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.) Journal entry worksheet
