Taking Flight Corporation designs and produces a line of golf equipment and golf apparel. Taking Flight has $100,000$ shares of common stock outstanding as of the beginning of $2024.$ Taking Flight has the following transactions affecting stockholders' equity in $2024.$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$12$ in quad$3$quad$4$quad$5$

Record the purchase of $5,300$ shares of treasury stock for $$58$ per share.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$May $10,2024,,,],[,,,],[,,,],[,,,]]$

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$5$ of $10$

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