Exercise 10-12 (Algo) Record common stock, treasury stock, and cash dividends (LO10-2, 10-4, 10-5) 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 54,000 additfonal shares of $1 par value comnon stock for $51 per share. Pay 10 Purchases 4,900 shares of treasury stock for $54 per share. June 1 Declares a cash dividend of $1.45 per share to all stockholdees of record an-June 15 . (Hint: Dividends are not paid on July 1 pays the cash dividend declared on- Dune 1. October 21 Resells 2,450 shares of treasury stock purchased on May 10 for $59 per share. Required: Recold each of these transactions. (If no entry is required for a particulor transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the istuance of 54,000 additional shares of \$1 par value common stock: for $51 per share. Mote triter debats bifore ciedite Journal entry worksheet 1 5 Record the purchase of 4,900 shares of treasury stock for $54 per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend of $1.45 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Journal entry worksheet Record payment of the cash dividend declared on June 1 . Note: Enter debits before credits. Journal entry worksheet Record the resale of 2,450 shares of treasury stock purchased on May 10 for $59 per share. Note: Enter debits before credits