E13-25 (similar to) Question Help Western Amusements Corporation had the following stockholders' equity on November 30 (Click the icon to view the stockholders equity) On December 30, Westem purchased 175 shares of treasury stock at $9 per share Read the requirements Requirement 1. Journalize the purchase of the treasury stock. (Record debts first, then credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit Dec 30 Treasury Stock Common 1.575 1,575 Purchased treasury stock Requirement 2. Prepare the stockholders equity section of the balance sheet at December 31, 2018. Assume the balance in retained earnings is unchanged from November 30 Western Amusements Corporation Balance Sheet (Partial) December 31 Stockholders' Equity Paidan Capital 35 shares issued and outstanding Total Paid in Capital Total Stockholders Equity Data Tible -X 5 Stockholders' Equity Paid In Capital Common Stock - Par Value: 1.300 shares authorized, 210 shares issued and outstanding Pald-in Capital in Excess of Par-Common Total Pald-in Capital Retained Earnings Total Stockholders' Equity 50200