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As of January 1, 2020Addison Company has the following accounts in Stockholder's Equity. Common Stock (par value $10) 250,000 Paid in Capital in Excess

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As of January 1, 2020Addison Company has the following accounts in Stockholder's Equity. Common Stock (par value $10) 250,000 Paid in Capital in Excess of Par - C/S Retained earnings 600,000 1.200.000 2,050,000 Answer parts a through d based on the above information: A- BI a. Addison Company purchases 1,000 shares of treasury shares at $54 per share. Prepare the journal entry. b. Addison Company purchases 500 shares of treasury shares at $55 per share. Prepare the journal entry. Time left 0:56:15

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