--/15 Question 3 of 5 WP Current Attempt in Progress On January 1, 2020, the equity section of Monty Stores shows share capital-ordinary (5 par value) 1,500,000; share premium- ordinary 1,090,000; and retained earnings 1,160,000. During the year, the following treasury share transactions occurred. Mar. 1 July 1 Purchased 47,000 shares for cash at 15 per share. Sold 10,500 treasury shares for cash at 17 per share. Sold 9,000 treasury shares for cash at 14 per share. Sept. 1 (a) Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Question 5 of 5 -/40 TIL View Policies Current Attempt in Progress Martinez Limited had the following equity accounts on January 1, 2020. Share Capital-Ordinary 5 par) 500,000. Share Premium- Ordinary 180.000, and Retained Earnings 120.000. In 2020, the company had the following treasury share transactions Mar 1 June 1 Purchased 5.500 shares at 8 pershare. Sold 1.000 shares at E12 per share Sold 2000 shares at E10 per share Sold 1.000 shares at E7 per share Sept. 1 Dec 1 Martinez uses the cost method of accounting for treasury shares. In 2020, the company reported net income of 31.000 (a) Journalize the treasury share transactions, and prepare the closing entry at December 31, 2020 Fornet income. Record journal entries in the order presented in the problem. Credit arcountities are automatically indented when amount is entered Do not indent manuel Date Account Titles and Explanation Debit Credit