10 Moving to another question will save this response. Question 1 (4.5 Grades) ASS On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10 par value) $400,000, pad in (cold) cpain of p value $200,000, and retained earnings $150,000. During the year, the following treasury stock transactions occurred March 5: Purchased 5,000 shares for cash at $28 per share. April 25: Sold 2,000 treasury shares for cash at $30 per share. June 25. Sold 3,000 treasury shares for cash at $22 per share Required: Prepare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $10,000 cash to purchase land Answer Dr Land Cr. Cash 10,000 10,000 r the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt > > Ex A 54 0 WORDS POW