2.22 Doints ellook Hm Print References Exercise 10-9A Record common stock, treasury stock, and cash dividends (LO10-2, 10-4, 10-5) 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. Karch May June July 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. 10 Purchases 6,000 shares of treasury stock for $65 per share. 1 Declares a cash dividend of $2.00 per share to all stockholders of record on June 15. (Hints Dividends are not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. October 21 Resells 3,000 shares of treasury stock purchased on May 10 for $70 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.) Mc View transaction st View journal entry worksheet No Date General Journal Debit Credit 1 March 01, 2021 Cash Common Stock Additional Paid-in Capital 2 May 10, 2021 Treasury Stock Cash