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Could someone please help?? I dont know how to do this one! March May June Power Drive Corporation designs and produces a line of golf
Could someone please help?? I dont know how to do this one!
March May June Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shores of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders equity in 2021, 1 Issues $3,000 additional shares of $1 par value common stock for $55 per share 10 Purchases 5,300 shares of treasury stock for $58 per share. 1 Declares a cash dividend of $1.6s per share to all stockholders of record on June 15. (HintDividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Res011: 2,650 shares of treatury stock purchased on May 10 for $61 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 Hist Journal entry worksheet Step by Step Solution
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