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6 points Beta, Inc., had the following equity as of December 31. Year 134 Common shares, 1,000,000 shares authorized, $2,000,000 200,000 shares issued Retained earning

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6 points Beta, Inc., had the following equity as of December 31. Year 134 Common shares, 1,000,000 shares authorized, $2,000,000 200,000 shares issued Retained earning 1,500,000 The following transactions related to the company's shares took place during Year 2: Mar. 1 Purchased 11,000 treasury shares for 512 per share. May 5 Sold 5,000 treasury shares for $11 per share, Oct. 12 Sold 1,000 treasury shares for 514 per share Prepare the journal entries to record the transactions. (6 marks) Your

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