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E13-7 On January 1, 2010, the stockholders' equity section of Nunez Corporation shows: Common stock ($5 par value) $1,500,000; paid-in capital in excess of par
E13-7 On January 1, 2010, the stockholders' equity section of Nunez Corporation shows: Common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and re tained earnings $1,200,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 10,000 treasury shares for cash at $17 per share. Sept. I Sold 8,000 treasury shares for cash at $14 per share. Instructions (a) Journalize the treasury stock transactions
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