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estion 3 45 points (4.5 Grades) On January 1, 2021, the stockholders equity section of Soof Inc. was as follows: Common stock ($10 par value)

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estion 3 45 points (4.5 Grades) On January 1, 2021, the stockholders equity section of Soof Inc. was as follows: Common stock ($10 par value) $400,000; paid in (contributed) capital in excess of par value $200,000, and retained earnings $150,000. During the year, the following treasury stock transactions occurred March 5: Purchased 5,000 shares for cash at $28 por share. April 25: Sold 2,000 treasury shares for cash at $30 per share June 25 Sold 3,000 treasury shares for cash at $22 per share Required. Prepare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays 510.000.cash to purchase and Awe De Land 10.000 C Cash 10,000 For the toolbar.pres ALTF10 PCIO ALTON 10ML BIVS Paragraph Art 10pt 2 I. OQEE M

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