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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 1 0 0 , 0 0 0 shares

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 2024. Power Drive has the following transactions affecting stockholders' equity in 2024.
March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share.
May 10 Purchases 6,000 shares of treasury stock for $65 per share.
June 1 Declares a cash dividend of $2.00 per share to all stockholders of record on June 15.(Hint: Dividends are
July 1 not paid on treasury stock.)
July 1 Pays the cash dividend declared on June 1.
October 21 Resells 3,000 shares of treasury stock purchased on May 10 for $70 per share.
Required:
Determine the financial statement effects of each of these transactions.
Complete this question by entering your answers in the tabs below.
March 1
May 10
June 1
July 1
October 21
Resells 3,000 shares of treasury stock purchased on May 10 for $70 per share. Determine the financial statement effects of October 21.
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