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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. March 1 Issues 47,000 additional shares of $1 par value common stock for \$44 per share. May 10 Purchases 4,200 shares of treasury stock for $47 per share. June 1 Declares a cash dividend of $1.10 per share to al1 stockholders of record on June 15 . (Hint. Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,100 shares of treasury stock purchased on May 10 for $52 per share. Required: Record each of these transactions (tf no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the issuance of 47,000 additional shares of $1 par value common stock for $44 per share. Note: Enter debits before credits. Record the purchase of 4,200 shares of treasury stock for $47 per share. Note: Enter debits before credits. Record the declaration of a cash dividend of $1.10 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 1 Record payment of the cash dividend declared on June 1. Note: Enter debits before credits. Journal entry worksheet

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