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

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Before Wildhorse 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). Paid-in Capital in Excess of Par-Common Stock Common Stock Retained Earnings $93,900 $292,500 $85,600 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 O for the amounts.) (a) Bought 380 shares of treasury stock at $41 per share. (b) Bought 310 shares of treasury stock at $46 per share. (c) Sold 370 shares of treasury stock at $43 per share. (d) Sold 100 shares of treasury stock at $39 per share. No. Account Titles and Explanation (a) Treasury Stock Cash (b) Treasury Stock Cash (c) Cash Treasury Stock Paid-in Capital from Treasury Stock (d) Cash Paid-in Capital from Treasury Stock Treasury Stock Debit 15580 14260 15910 3900 Credit 15580 14260 15170 740

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