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Before Ivanhoe Corporation engages in the following treasury stock transactions, its general ledger reflects, among others the following account balances (par value of its stock

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Before Ivanhoe Corporation engages in the following treasury stock transactions, its general ledger reflects, among others the following account balances (par value of its stock is $30 per share) Common Stock Retained Earnings Paid-in Capital in Excess of Par-Common Stock $106.500 $259 500 $80,000 Record the treasury stock transactions (given below) under the cost method of handling treasury stock use the FIFO method for purchase-sale purposes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter for the amounts) (a) Bought 390 shares of treasury stock at $40 per share (b) Bought 310 shares of treasury stock at $44 per share d Sold 340 shares of treasury stock at $42 per share (d) Sold 110 shares of treasury stock at $38 per share. No. Account Titles and Explanation Debit Credit al Trey Stock o 15600 15600 (b Treasury Stock 13600 ch 13640 ic Cash 14280 Treasury Stock 13600 Paldin Capital From Treasury Stock 660 Id C 4100 Pikapita from Trey Stod 5 Treasury Stock

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