Exercise 177 a-b On January 1, 2020, the stockholders' equity section of Intercontinental Corporation shows. Common stock (55 par value) $1,500,000; paid-in capital in excess of par value $1,000,000, and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred, Mar 1 Purchased 30,000 shares for cash at $20 per share July 1 Sold 6,000 treasury shares for cash at $27 per share. Sept. 1 Sold 5,000 treasury shares for cash at $19 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 inden manually.) Date Account Titles and Explanation Debit Credit Mar. 1 Treasury Stock 600.000 Cash 600,000 July 1 cash 162000 Paid-in Capital from Treasury Stock 42000 Treasury Stock 120000 Sept. 1 Cash 95.000 Pad-in Capital from Treasury Stock Treasury Stock SHOW LIST OF ACCOUNTS Restate the entry for September 1, assuming the treasury shares were sold at $10 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 6:52P