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 $2024.$

$\backslash$table$[[\backslash$table$[[$March $1],[$May $10],[$June $1]],\backslash$table$[[$Issues $58,000$ additional shares of $$1$ par value common stock$],[$Purchases $5,300$ shares of treasury stock for $$58$ per share.$],[$Declares a cash dividend of $$1\mathrm{.}65$ per share to all stockholders of record on June $15.($Hint: Dividends are$],[$not paid on treasury stock.$)]]],[\backslash$table$[[$July $1],[$October $21]],]]$

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

$1$

$2$

$3$

$($i$4$i$)$

$5$

Record payment of the cash dividend declared on June $1.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $01,2024,,,],[,,,],[,,,],[,,,]]$

$5$ of $10$

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