Exercise 10-9A Record common stock, treasury stock, and cash dividends (L010-2, 10-4, 10-5) 1 Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021 March 1 Issues 63,000 additional shares of $1 par value common stock for $60 per share. May 18 Purchases 5,800 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 are not paid on July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,900 shares of treasury stock purchased on May 10 for $68 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.) NO General Journal Debit Credit Date March 01, 2021 1 2.754,000 X Cash Common Stock Additional Pald-in Capital OS 54,000 $ 2,700,000 2 264,600 May 10, 2021 Treasury Stock Cash O 264,600 3 June 01, 2021 216,195 Dividends Dividends Payable 216,195 o o 4 July 01, 2021 Dividends Payable 216,195 Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal the first account field.) No Date General Journal Debit Credit 1 March 01, 2021 Cash > 2,754,000 Common Stock Additional Paid-in Capital 54,000 2,700,000 2 May 10, 2021 264,600 Treasury Stock Cash >> 264,600 G 3 June 01, 2021 Dividends 216,195 % Dividends Payable 216,195 4 July 01, 2021 216,195 Dividends Payable Cash >> 216,195 5 144,550 October 21, 2021 Cash Treasury Stock Additional Paid-in Capital 132,300 12,250 %