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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
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 March 1 Iasuea 46,000 additional tharee of \$1 par value cormon stock for $43 per ahare. May 10 Purchases 4,100 sbares of treasury otook for $46 per ohare. June 1 Declares a cash dividend of $1.05 per share to s11 stockholdern of record on June 15. (Nints Dividenda are July i- anot paid on treasury ateck.) october 2 Tayn the eash dividend deelared on June 1 . 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.)
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