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.

March		1		Issues 57,000 additional shares of $1 par value common stock for $54 per share.
May		10		Purchases 5,200 shares of treasury stock for $57 per share.
June		1		Declares a cash dividend of $1.60 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 2,600 shares of treasury stock purchased on May 10 for $62 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 resale of 2,600 shares of treasury stock purchased on May 10 for $62 per share. Note: Enter debits before credits. Date General Journal Debit Credit October 21, 2021 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. Date General Journal Debit Credit July 01, 2021 Record entry Clear entry View general journal Journal entry worksheet Record the declaration of a cash dividend of $1.60 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Date General Journal Debit Credit June 01, 2021 Record entry Clear entry View general journal Journal entry worksheet