Before Sweet Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $30per share).

Paid-in Capital in Excess of Par Common Retained Earnings

in Excess of ParCommon StockStock

$102,700 $280,800 $81,400

Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes.

(a)Bought390shares of treasury stock at $39per share.

(b)Bought320shares of treasury stock at $43per share.

(c)Sold360shares of treasury stock at $41per share.

(d)Sold100shares of treasury stock at $37per share.

No. Account Titles and Explanation Debit Credit

(a)

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(b)

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(c)

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(d)

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