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please help me woth these 5 journal entries :)) March May Power Drive Corporation designs and produces a line of golf equipment and golf apparel.
please help me woth these 5 journal entries :))
March May 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 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. 1 Isten 58,000 additional shares of $1 par value common stock for $55 per share. 10 Purchases 5,300 shares of treasury stock for $58 per share. June 1 Declares a canh dividend of $1.65 pet 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 Rosella 2,650 shares of treasury stock purchased on May 10 for $63 por 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.) View transaction list Journal entry worksheet Record the declaration of a cash dividend of $1.65 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. General Journal Debit Date June 01, 2021 Credit Record entry Clear entry View general journal Journal entry worksheet Record payment of the cash dividend declared on June 1. Note: Enter debits before credits General Journal Debit Date July 01, 2021 Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the resale of 2,650 shares of treasury stock purchased on May 10 for $63 per share. Note: Enter debits before credits. General Journal Debit Credit Date October 21, 2021 Record entry Clear entry View general Journal Step by Step Solution
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