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Cheyenne Company had the following stockholders' equity as of January 1, 2017. $99 500 Common stock, $5 par value, 9,900 shares issued Paid-in capital in
Cheyenne Company had the following stockholders' equity as of January 1, 2017. $99 500 Common stock, $5 par value, 9,900 shares issued Paid-in capital in exoess of par-oornmon stock 300,000 Retained earnings 315.000 Total stockholders' equity S714,500 During 2017, the following transactions occumed. Feb. 1 Cheyenne repurchased 2,170 shares of treasury stock at a price of $19 per share. Mar 1 730 shares of treasury stock repurchased above were relssued at 7 per share. Mar 18 520 shares of treasury stock repurchased above were relssued at S14 per share. Apr 22 590 shares of treasury stock repurchased above were ressued at S22 per share. v (a) Prepare the journal entries to record the treasury stock transactions in 2017, assuming Cheyenne uses the cost method. (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 ues and enter o for the amounts.) Titles and Explanation Mat Mar. 18
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