Maple Forest Corporation designs and produces a line of golf equipment and golf apparel. Maple Forest...

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Maple Forest Corporation designs and produces a line of golf equipment and golf apparel. Maple Forest has 100,000 shares of common stock outstanding as of the beginning of 2024. Maple Forest has the following transactions affecting stockholders' equity in 2024. March 1 May 10 June 1 July 1 Issues 53,000 additional shares of $1 par value common stock for $50 per share. Purchases 4,800 shares of treasury stock for $53 per share. Declares a cash dividend of $1.40 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Pays the cash dividend declared on June 1. October 21 Resells 2,400 shares of treasury stock purchased on May 10 for $58 per share. Required: Record each of these transactions. Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. No 1 Date March 01, 2024 Cash Common Stock Answer is not complete. General Journal Debit Credit 1,978,000 > Additional Paid-in Capital 2 May 10, 2024 Treasury Stock Cash 3 June 01, 2024 Dividends Dividends Payable 4 July 01, 2024 Dividends Payable Maple Forest Corporation designs and produces a line of golf equipment and golf apparel. Maple Forest has 100,000 shares of common stock outstanding as of the beginning of 2024. Maple Forest has the following transactions affecting stockholders' equity in 2024. March 1 May 10 June 1 July 1 Issues 53,000 additional shares of $1 par value common stock for $50 per share. Purchases 4,800 shares of treasury stock for $53 per share. Declares a cash dividend of $1.40 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Pays the cash dividend declared on June 1. October 21 Resells 2,400 shares of treasury stock purchased on May 10 for $58 per share. Required: Record each of these transactions. Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. No 1 Date March 01, 2024 Cash Common Stock Answer is not complete. General Journal Debit Credit 1,978,000 > Additional Paid-in Capital 2 May 10, 2024 Treasury Stock Cash 3 June 01, 2024 Dividends Dividends Payable 4 July 01, 2024 Dividends Payable