5 Question Crylation Statu Question 12 (4.5 Grade) Quonon 17 15 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 per value $200,000, and retained earings $150,000. During the year, the following treasury stock transactions occured 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 Requited: Prepare joumal entries to record the above treasury stock transactions Example XYZ Company pays $10,000 cash to purchase (anu CLEARLY INDICATE THE DEBITS & CREDITS Answer D Land C Cash 10.000 10.000