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Corporation designs and produces a line af golf ecuipment and gol apparel. Power Drive has 100,000 shares of common stock oubstanding as of the begining of 2018 Drive has the following transactions affecting stockholders' equity in 2018. Power March 1 Issues 61,000 additional shares of $1 par value common stock for $58 per share. May 10 Repurchases 5,600 shares of treasury stock for $61 per share June 1 Declares a cash dividend of $1.80 per share to all stockholders of record on June 15. (Hint: Dividends are not July 1 Pays the cash dividend declared on June 1 October 21 Reissues 2,800 shares of treasury stock purchased on May 10 for $66 per share paid on treasury stock.) Required: aof no entry is roquired for a paricular naction eet No pournal entry mepuirer in Vew transaction list Vnew journal entry workshoot Debit March 01, Cash 2018 3,538,000 Common stock 61,000 Additional paid-in capital 3,477,000 2May 10, 2018 Treasury stock 41,600 Cash 341,600 3 June 01, 2018 Dividends Dividends payable 4 July 01, 2018 Dividends payable Cash October 2 View transaction list View journal entry worksheet March 01. Cash 3,538,000 2018 61,000 3,477,000 Common stock Additional paid-in capital 2 May 10, 2018 Treasury stock 341,600 341,600 Cash 3 June 01, 2018 Dividends Dividends payable 4 July 01, 2018 Dividends payable Cash October 21. Cash 184,800 2018 Treasury stock Additional paid-in capital

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