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Cheyenne Company had the following stockholders equity as of January 1, 2020. Common stock, $1 par value, 117,000 shares issued $117,000 Paid-in capital in excess

Cheyenne Company had the following stockholders equity as of January 1, 2020.

Common stock, $1 par value, 117,000 shares issued $117,000
Paid-in capital in excess of parcommon stock 893,000
Retained earnings 398,000
Total stockholders equity $1,408,000

During 2020, the following transactions occurred.

Feb. 16 Cheyenne repurchased 5,500 shares of treasury stock at a price of $16 per share.
Mar. 8 200 shares of treasury stock repurchased above were reissued at $17 per share.
Apr. 11 700 shares of treasury stock repurchased above were reissued at $13 per share.
May 8 1,900 shares of treasury stock repurchased above were reissued at $19 per share.

Prepare the journal entries to record the treasury stock transactions in 2020, assuming Cheyenne uses the cost method.

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