(4.5 Grades) On January 1, 2021, the stockholders' equity section of Seet Inc was as follows Common stock ($10 par value) $400,000, pedig op value $200,000, and retained earnings $150,000 During the year, the following treasury stock transactions occursed March 5 Purchased 6.000 shares for cash at $15 per share April 25 Sold 4,000 treasury shares for cash at 558 per sha June 25 Sold 2,000 treasury shares for cash at $11 per share Required: Prepare journal entres to record the above treasury stock transactions CLEARLY INDICATE THE DIRTS & CREDITS Example XYZ Company pays $15.000 cash to purchase land Acant Land Or Cash 16.000 15.000 ALT+F10 (PC) ALT+F10 M 31 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 value $200,000, and retained earnings $150,000. During the year, the following treasury stock transactions occurred March 5. Purchased 6,000 shares for cash at $16 per share April 25 Sold 4,000 treasury shares for cash at $18 per share June 25 Sold 2,000 treasury shares for cash at $11 per share Required: Prepare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS & CREDITS Example XYZ Company pays $15.000 cash to purchase land Answer Dr. Land Cr. Cash 15.000 15.000