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Common Stock $200,000, and Retained Eamings $100,000. In po2e, the company had the followiag treasory atock transactions. Mar. 1. Purrhased 5,000 shares at 25 pershare.

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Common Stock \$200,000, and Retained Eamings \$100,000. In po2e, the company had the followiag treasory atock transactions. Mar. 1. Purrhased 5,000 shares at 25 pershare. Jane is Sold j,ooo shares at Sis per thare Sept. I Sold 2,000 whares at 510 por share. Dei. 1 Sold 1,000 shares at 5,7 pershare. Fechter Cocporation asis the cost metaod of aceocisting for treasury stock. In zoz?, the nompary reported net income of S3o,ooo. Thatructions 2. Journalize the troasury viock transactions, and prepare the closing eatry at Decenber as aosa, for net inceese. 1. Open agouate for (a) Phid-in Capital froan Treasury Stock, ( 2 ) Trakar Stook, and (a) Petained Farnings. (Post to T-accounts.) Whicharing stocki igop Common Stock \$200,000, and Retained Eamings \$100,000. In po2e, the company had the followiag treasory atock transactions. Mar. 1. Purrhased 5,000 shares at 25 pershare. Jane is Sold j,ooo shares at Sis per thare Sept. I Sold 2,000 whares at 510 por share. Dei. 1 Sold 1,000 shares at 5,7 pershare. Fechter Cocporation asis the cost metaod of aceocisting for treasury stock. In zoz?, the nompary reported net income of S3o,ooo. Thatructions 2. Journalize the troasury viock transactions, and prepare the closing eatry at Decenber as aosa, for net inceese. 1. Open agouate for (a) Phid-in Capital froan Treasury Stock, ( 2 ) Trakar Stook, and (a) Petained Farnings. (Post to T-accounts.) Whicharing stocki igop

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