(4.5 Grades) Question 15 of 15 4.5 points 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 For the toolbar, press ALT+F10/PELEALT+FN+F10 (Mark