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Taking Fight Corporation designs and prochuces a line of goll equipment and golf apparet. Taking Flight has 100.000 shares of common stock outstanding as of the beginning of 2024 . Taking Flight has the following transactions affecting stocktialdess' equity in 2024. March 1 Tssues 52,000 additional shares of $1 par value conson stock fou $49 per share. May 10 Purchases 4,700 shares of treasury stock for $52 pen share, June 1 Declares a cash dividend of \$1.35 per thare to all stockholders of record on lune 15. (ifitite olvidendi are not puld an treasury stock.) July 1 Pays the cash dividend declared on Junie 1. October 21 Resells 2,350 shares of treasury stock purchased on May 10 for 557 per share. Required: Record each of these transactions. (If no entry is required for a particular transoction/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet Record the issuance of 52,000 additional shares of $1 par value common stock for $49. per stiare. Note: timter thebits before cretits. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Jou the first occount field.) Journal entry worksheet 5 Record the issuance of 52,000 additional shares of $1 par value common stock for $49 per share. Note: Enter debits before credits. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Requir, the first occount field.) Journal entry worksheet 5 Record the purchase of 4,700 shares of treasury stock for $52 per share: Note: tinter debits before credits: Required: Record each of these transactions, (If no entry is required for a particular transaction/event, select "No Journal Entry Requir the first account field.) Journal entry worksheet Record the declaration of a cash dividend of $1.35 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note? Lnter debits before credits. Required: Record each of these transactions. (If no entry is required for a particular tronsaction/event, select "No Journal Entry Required" I the first account field.) Journal entry worksheet Record payment of the cash dividend declared on June 1. Notes timer iteluts before credits: Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required the first account field.) Journal entry worksheet Record the resale of 2,350 shares of treasury stock purchased on May 10 for \$57 per share. Note: Enter debits before credits. Exercise 10-12 (Algo) Record common stock, treasury stock, and cash dividends (LO10-2, 10-4, 10-5) Taking Flight Corporation designs and produces a line of golf equipment and goif apparel. Taking Flight has 100.000 shares of common stock outstanding as of the beginning of 2024 . Taking Fight has the following transactions affecting stockholders' equity in 2024. March 1 Tssues 52,000 additional shares of \$2 par value canoin stock for fay per share. May 10 Purchases 4,700 shares of treusury inteck for $52 per thares. Pays the cash dividend declared on juice i. Required: Recordeac the first account