1. Each of the following changes the amount of total equity except a

   	a.	cash dividend.
   	b.	loss on disposal of equipment.
   	c.	liquidating dividend.
   	d.	treasury shares.
   	e.	share dividend.

2. Jason Company originally issued 30,000 ordinary shares with a $5 par for $360,000 on January 10, 2021. Stony purchased 2,000 treasury shares for $28,000 on March 15, 2021. On May 8, 2021, 1,000 treasury shares are sold for $19,000

   Instructions

   Prepare journal entries to record these share transactions.