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 63,000 additional shares of $1 par value common stock for $60 per share. May 10 Purchases 5,800 shares of treasury stock for $63 per share. June 1 Declares a cash dividend of $1.90 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 2,900 shares of treasury stock purchased on May 10 for $68 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.) View transaction list View journal entry worksheet X No Date Debit Credit 1 March 01, 2021 General Journal Cash Common Stock Additional Paid-in Capital 2 May 10, 2021 Treasury Stock Cash 3 June 01, 2021 Retained Eamings Dividends Payable 4 July 01, 2021 Dividends Payable Cash 5 October 21, 2021 Cash Treasury Stock On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 21,000, $12 par, common shares. The market price of the common stock is $41 on this date. Required: 1.2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 September 01 Stock Dividends Common Stock Additional Paid-in Capital 2 September 01 Stock Dividends Common Stock 3 September 01 No Transaction Recorded