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Bucation.com/ext/map/index.html?_con-con&external_browser=0&launch Url=https%253A%252F%252Flms.mheducation.com%252Fm Maps work Saved Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 sh stock

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Bucation.com/ext/map/index.html?_con-con&external_browser=0&launch Url=https%253A%252F%252Flms.mheducation.com%252Fm Maps work Saved Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 sh stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equit March 1 Issues 63,000 additional shares of $1 par value common stock for $60 per share. May 10 Purchases 5,500 shares of treasury stock for $63 per share. June 1 Declares a cash dividend of $1.90 per share to all stockholders of record on June 15. (Hint: Dividends treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,900 shares of treasury stock purchased on May 18 for $68 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry the first account field.) View transaction list Journal entry worksheet > 1 2 3 4 5 Record the issuance of 63,000 additional shares of $1 par value common stock for $60 per share. o te earch View transaction list Journal entry worksheet earch O e View transaction list Journal entry worksheet 1 2 3 4 5 Record the declaration of a cash dividend of $1.90 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Date General Journal Debit Credit June 01, 2021 Record entry Clear entry View general journal BB ch O AI e View transaction list Journal entry worksheet Record payment of the cash dividend declared on June 1. Note: Enter debits before credits. General Journal Debit Credit Date July 01, 2021 Record entry Clear entry View general journal arch o e View transaction list Journal entry worksheet Record the resale of 2,900 shares of treasury stock purchased on May 10 for $68 per share. Note: Enter debits before credits. Date General Journal Debit Credit October 21, 2021 Record entry Clear entry View general journal o e

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