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 2018. Power Drive has the following transactions affecting stockholders' equity in 2018 March 1 Issues 48,000 addtional shares of $1 par value common stock for $45 per share. May 10 Repurchases 4,300 shares of treasury stock for $48 per share. June 1 Declares a cash dividend of $1.15 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 Reissues 2,150 shares of treasury stock purchased on May 10 for S53 per share. Required Record each of these transactions. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Journal entry worksheet 2 4. 5 Declares a cash dividend of $1.15 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Credit Date General Journal Debit June 01, 2018 Record entry Clear entry View general journal Journal entry worksheet 4 2 3 5 Pays the cash dividend declared on June 1 Note: Enter debits before credits. Date Debit General Journal Credit July 01, 2018 Clear entry View general journal Record entry Journal entry worksheet 1 2 3 4 Reissues 2,150 shares of treasury stock purchased on May 10 for $53 per share. Note: Enter debits before credits. Debit Date General Journal Credit October 21, 2018 View general journal Record entry Clear entry