Court Casuals has 200,000 shares of common stock outstanding as of the beginning of the year and has the following transactions affecting stockholders' equity during the year:

May 18

May 31

July 1

Issues 25,000 additional shares of $1 par value common stock for $35 per share.

Purchases 5,000 shares of treasury stock for $41 per share.

Declares a cash dividend of $2 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock.

July 31

Pays the cash dividend declared on July 1.

August 10 Resells 2,900 ghares of treasury stock purchased on May 31 for $49 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.)

Vlew transaction list

Court Casuals has 200,000 shares of common stock outstanding as of the beginning of the year and has the following transactions affecting stockholders' equity during the year: Nisy 16 Insuen 25,000 additional nharen of \\( \\$ 1 \\) par value comon ntook for \\( \\$ 35 \\) par mhare. Mey 31 Purchasen 5,000 aberes of treasury ntoek for \\( \\$ 41 \\) per ahare. July 1 Declaren a oash dividend of \\( \\$ 2 \\) per whare to all stockholderi of record on July 15 . Mint, Dividenda are not July 31 peid on treasury ntock. koguet 10 Rese11. 2,900 nhares of treasury atock purchased on May 31 for \\( \\$ 49 \\) per whare. 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.) Record each of these transactions. (If no entry is required for a particular transaction/event, select \"No Journal Entry Required\" In the first account fleid.) Journal entry worksheet \\[ 6 \\] Record the issuance of 25,000 additional shares of \\$1 par value common stock for \\( \\$ 35 \\) per share. Note: Enter debits before credits