2. Carl Corporation designs and produces a line of golfequipment and golf apparel. Carl has 150,000 shares of common stockoutstanding as of the beginning of the year. Carl has the followingtransactions affecting stockholders’ equity during the year.
March 1 Issues 60,000 additional shares of $1 par value commonstock for $50 per share. May 10 Repurchases 10,000 shares oftreasury stock for $58 per share. June 1 Declares a cash dividendof $1.00 per share to all stockholders of record on June 15. July 1Pays the cash dividend declared on June 1. October 21 Reissues5,000 shares of treasury stock purchased on May 10 for $62 pershare.
Required: Record each of these transactions (10 points).
