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15 4. Grades) On January 1, 2021, the stockholders' equity section of Seef inc. was as follows Common stock ($10 par value) $400,000, paid-in (contributed)

15 4. Grades) On January 1, 2021, the stockholders' equity section of Seef inc. was as follows Common stock ($10 par value) $400,000, paid-in (contributed) capital in excess of par wale 200 000, and retained eamings $150,000 During the year, the following treasury stock transactions occurred. March 5 Purchased 5,000 shares for cash at $14 per share Apt 25 Sold 2,000 treasury shares for cash at $15 per share Ane 25 Sold 3.000 breasury shares for cash at $11 per share Required Pripare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS & CREDITS Exan XYZ Company per 10,000 cash to purchine land 10.000 10.000

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