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Duke Corporation reports the following components of stockholders' equity on December 31, 2013 Common stock $25 par value, 100,000 shares authorized, 45,000 shares issued and

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Duke Corporation reports the following components of stockholders' equity on December 31, 2013 Common stock $25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par valuc, common stock Retained earnings Total stockholders' equity S1,125,000 60,000 460,000 $1,645,000 In 2014, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 4,500 shares of its own stock at $27 cash per share. Jan. 5 Directors declared a S3 per share cash dividend payable on February 28 Feb. 28 Paid the dividend declared on January 5 Mar. 3 Sold 1,000 shares of treasury stock for $28 per share. to the February 5 stockholders of record. What is the journal entry required for the March 3 transaction? Cash 28,000 Treasury Stock 25.000 3,000 Paid-In Capital, Treasury Stoclk Treasury Stock Treasury Stock O Cash 28,000 28,000 Cash 28.000 27.000 .000 Paid-In Capital, Treasury Stock

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