Exercise 13-7 (Part Level Submission) On January 1, 2017, the stockholders' equity section of Newin Corporation shows common stock (85 par value) $1,500,000; paid in capital in excess of par $1,060,000; and retained earnings $1,150,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 48,000 shares for cash at $15 per share July 1 Sold 11,000 treasury shares for cash at $17 per share. Sept. 1 Sold 10,000 treasury shares for cash at $14 per share Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. De not indent manually) Accounties and Explanation Debat Cred