journal entrys for 1-5

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 2024. Power Drive has the following transactions affecting stockholders' equity in 2024. Mareh 1 Issues 65,000 additional shares of $1 par value common otock for $62 per ahare. May 10 Purehanes 6,000 shares of treasury stock for $65 per share. June 1 Declares a canh dividend of $2.00 per ahare to a11 atookholders of record on June 15. (Hint: Dividends are not paid on treasury atock, July 1 Pays the cash dividend declared on June 1. october 21 Reselis 3,000 shares of treasury atock purchased on May 10 for $70 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.) Journal entry worksheet 5 Record the issuance of 65,000 additional shares of $1 par value common stock for $62 per share. Note: Enter debits before credits