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Ellison Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained earnings $2,900,000 1,040,000 730,000 Record the following transactions by

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Ellison Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained earnings $2,900,000 1,040,000 730,000 Record the following transactions by the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accoun amounts.) t titles and enter O for the (a) (b) Bought 7,800 shares of its common stock at $28 a share. Sold 4,100 treasury shares at $29 a share. (c) Sold 1,800 shares of treasury stock at $24 a share. No. Account Titles and Explanation Debit Credit y

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