Parlay Corporation has 2,000,000 shares of $0.50 par value common stock outstanding. The following selected transactions related to the company's stock took place during the current year: 
Prepare necessary journal entries to record the events of April 15, May 1 and May 10.
Definitions:
Foreign-Exchange Reserves
Stockpiles of foreign currencies maintained by a nation’s central bank. Obtained when the central bank sells local currency in exchange for foreign currency in the foreign exchange market.
Terms of Trade
This refers to the ratio at which a country's exports are exchanged for its imports, influencing the country's economic health.
Real Interest Rates
The interest rate adjusted for inflation, representing the true cost of borrowing and the real yield to lenders.
British Pound
The United Kingdom's currency, a major global currency involved in international trading.
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