(Solved): Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows ...

Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows has 100,000 shares of common stock outstanding as of the beginning of 2024. Bay Meadows has the following transactions affecting stockholders' equity in 2024. March 1 Isages 45,000 additional sharen of \( \$ 1 \) par vatue common ntock for 542 per share. May 10 Purchases 4,000 shares of treasury stock for \( \$ 45 \) per share. June 1 Declares a essh dividend of \( \$ 1.00 \) per share to all stockholders of record on June 15 . (Hint Dividends are July 1 pays the eash dividend deelared on June 1. Oetober 21 Resel1s 2,000 shares of treasury stock purchased on May 10 for \( \$ 50 \) 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.) Journal entry worksheet \[ 45 \] Record the issuance of 45,000 additional shares of \( \$ 1 \) par value common stock for \( \$ 42 \) per share. Nole: Enter debits before credits.