Week 7 Homework 2 10 pois 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 59.000 additional shares of 31 par value common stock for $56 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per share. June 1 Declares a cash dividend of $1.70 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 2,700 shares of treasury stock purchased on May 10 for $64 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.) book View transactions AL . Journal entry worksheet A 1 2 3 5 Record the issuance of 59,000 additional shares of $1 par value common stock for $56 per share. Note: Enter det before credits General Journal Debit Crede Date March 01, 2021 Record entry Clear entry View general journal 2 10 points 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 59,000 additional shares of 31 par value common stock for $56 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per share. June 1 Declares a cash dividend of $1.70 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. October 21 Resells 2,700 shares of treasury stock purchased on May 10 for $64 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.) eBook Hint View transaction list Journal entry worksheet Pem A 1 2 5 References Record the purchase of 5,400 shares of treasury stock for $59 per share. Note: Enter debits before credits General Journal Debit Credit Date May 10. 2021 Record entry Clear enly View general Journal Week 7. Homework Saved 2 10 DO 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 59,00 additional shares of 51 par value comon stock for 356 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per share. June 1 Declares a cash dividend of $1.70 per share to ali 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 2,700 shares of treasury stock purchased on May 10 for $64 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.) bo View transaction list Journal entry worksheet Print Deferences Record the declaration of a cash dividend of $1.70 per share to all stockholders of record on June 15. Dividends are not paid on treasury stock) Note: Enter debits before credits General Journal Debil Credit Date June 01, 2021 Record Clear entry View Seved Week 7: Homework 2 10 points 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 Issus 50,000 additional shares of 51 par value common stock for $56 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per share. June 1 Declares a cash dividend of $1.70 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 2.700 shares of treasury stock purchased on May 10 for $64 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.) HH View transaction list Journal entry worksheet Print 1 2 3 4 5 Record payment of the cash dividend declared on June 1. Note: ter debits before credits Debit Credit General Journal Date July 01, 2021 Record entry Clear entry View general Journal Week 7: Homework Saved 2 March 50 points 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 1 Issues 59,00 additional shares of $1 par value common stock for 556 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per share. June 1 Declares a cash dividend of $1.70 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 2,700 shares of treasury stock purchased on May 10 for 564 per share. Required: Record each of these transactions. Of no entry is required for a particular transaction event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Pri 4 5 Record the resale of 2.700 shares of treasury stock purchased on May 10 for 564 per share tenter debats before credits General Journal Credit Date Odober 21, 2021 Clear entry View general