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the Work you have completed so far. It does not indicate completic Power Drive Corporation designs and produces a line of golf equipment and golf

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the Work you have completed so far. It does not indicate completic 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 45,000 additional shares of $1 par value common stock for $42 per share. May June 1 Declares a cash dividend of $1.00 per share to all stockholders of record on June 15. (Hint: Dividends are July 1 Pays the cash dividend declared on June 1. October 2i Resells 2,800 shares of treasury stock purchased on May 10 for $50 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.) Answer is not complete. No Credit Date March 01, 2021 Debit 1,890,000 1 General Journal Cash Common Stock Additional Paid in Capital 45,000 1,845,000 2 May 10, 2021 180,000 Treasury Stock Cash 180,000 3 June 01, 2021 143,000 Dividends Dividends Payable 1,000,000 4 July 01, 2021 150,000 Dividends Payable Cash 00 100,000

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