Assessment 3: Treasury Stock (12 Marks) 1. On Jan 1, 2018 Rachel Co issued 200,000 shares of its common stock that has a par value of $1 for the price of $10 each. Record the issue of shares (3 M) Account Title Debit Credit On Jan 1, 2020 Rachel Co reacquired 50,000 shares of its common stock that has a par value of $1 for the price of $20 each. They plan to reissue these shares in the future. Assume they use the Par Value Method of recording Treasury Stock Record the purchase of the Treasury Stock (4 M) Account Title Debit Credit 2. On Jan 1, 2018 Blue Co issued 100,000 shares of its common stock that has a par value of $1 for the price of $5 each. Record the issue of shares (3 M) Account Title Debit Credit