Collapse Moving to another question wit save the response Question 23 points Harper Corporation decided in 2020 to discontinue accounting for reacquired shares as treasury stock. Instead, she repurchased wil bewed as having been retired reassuming the status of uninnued shares. As part of the change, treasury shares hold were redlowodos retired shock, M. December 31, 2010, Harper's balance sheet reported the following shareholders' equity Common stock, 53 par Paid.in capitales of par Retained earnings Treasury stock (5,000 shares at cost) $ 300,000 450,000 950,000 (25.000) a. Prepare the journal entry on January 1, 2020 to implement the change b. After the journal entry is prepared, the balance in the Paid in Capital in excess of per account will be PI For the toolbar, press ALT4770 (PC) O ALTA 10 Mac Is Paragraph Arial I. XO 10pt B 1 113 E MacBook Pro 0 G Search or type URL C 9 & 7 $ 4 96 5 0 6 8 3 0 P U Y R T E 3 ? G H F D S N M B Mow to another question will save the 18 estion 22 During the current your Deline Company old equipment with an original cost of 07.200 derection of 55.900 The comment les 24 sata from the sale of the moments Moving to another question will save this one Question 2202 MacBook Pro G Search or type URL $ 4 %6 5 6 0 8 7 9 3 D 0 U { W E Y T D K J L I S TI G D Moving to another question will save this response sation 21 Fowler Corporation reported insurance expense of $2,070. Prepared insurance shows a begining bounce of $600 and an enang balance of 5.00 The wount of con paid for own te WR Que Moving to another question will save this response MacBook Pro earch or type URL CD $ 4 UXO 8 7 7. 9 8 6 2 3 0 T R Y W E J L H G F D S B M N V X C