Pool Corporation, Incorporated, sells swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange. The majority of Pools customers are small, family-owned businesses. The company issued the following press release:

COVINGTON, La., October 30, 2020 (GLOBE NEWSWIRE)Pool Corporation (Nasdaq: POOL) announced today that its Board of Directors declared a quarterly cash dividend of $0.58 per share. The dividend will be payable on November 25, 2020, to holders of record on November 12, 2020.

The Company also announced in its 2020 Annual Report that it had repurchased $23.2 million of its common stock in the open market

Required:

1. Prepare the journal entry for Pool Corporation to record the repurchase of shares assuming all shares were repurchased at one time and Pool is holding the shares as treasury stock.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).

Record the repurchase of shares assuming all shares were repurchased at one time.

Transaction	General Journal	Debit	Credit
1

Required 2: Prepare all necessary entries associated with the dividend. Assume that at the time of the dividend, Pool was authorized to issue 100 million shares and had 43 million shares outstanding.

Record the journal entry on October 30.

Date	General Journal	Debit	Credit
October 30

Record the journal entry on November 12.

Date	General Journal	Debit	Credit
November 12

Record the journal entry on November 25.

Date	General Journal	Debit	Credit
November 25