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Maple Forest Corporation designs and produces a line of golf equipment and golf apparet. Maple Forest has 100.000 shares of common stock outstanding as of
Maple Forest Corporation designs and produces a line of golf equipment and golf apparet. 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 53,6e0 additional shares of $1 par value connon stock for $50 per share. May 10 Purchases 4,880 shares of treasury stock for $53 per share. June 1 Declares a cash dividend of \$1.4e per share to all 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 2,4e0 shares of treasury stock purchased on May 10 for $58 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 Record the issuance of 53,000 additional shares of $1 par value common stock for $50 per share. Note: Enter debits before credits
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