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Maple Forest Corporation designs and produces a line of golf equipment and golf apparel. Maple Forest has 100,000 shares of common stock outstanding as of

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Maple Forest Corporation designs and produces a line of golf equipment and golf apparel. Maple Forest has 100,000 shares of common stock outstanding as of the beginning of 2024. Maple Forest has the following transactions affecting stockholders' equity in 2024. \begin{tabular}{ll} March 1 & Issues 53,000 additional shares of $1 par value common stock for $50 per share. \\ May 10 & Purchases 4,800 shares of treasury stock for $53 per share. \\ June 1 & Declares a cash dividend of $1.40 per share to all stockhoiders of record on \\ July 1 & June 15 . (Hint: Dividends are not paid on treasury stock.) \\ Justo the cash dividend declared on June 1. \end{tabular} Record the issuance of 53,000 additional shares of $1 par value common stock for $50 per share. Note: Enter debits before credits. Record the purchase of 4,800 shares of treasury stock for $53 per share. Note: Enter debits before credits. Record the declaration of a cash dividend of $1.40 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 2,400 shares of treasury stock purchased on May 10 for $58 per share. Note: Enter debits before credits

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