For the August 27 transaction, I don't understand why paid in capital treasury stock, retained earnings are debited and treasury stock credited. how to obtain the figures? Why is treasury stock reported on statement of retained earnings and balance sheet?

For July 9 transaction how do I calculate for the treasury stock. How can I tell if shares sold are gain or loss?

For sept 9 transaction I know the retained earnings are debited but how to obtain the figures?

profit only assuming that ts 2013 income 5.263? components of stockholders' equity on December 2015: Exercise 11-18 of 31, Cash dividends, treasury stock, and statement Alexander Corporation reports the following retained earnings C3 P3 Common stock 25 par value, 50,000 shares suthorized. 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock 140,000 In year 2016, the following transactions affected its stockholders' equity an. 2 Purchased 3,000 shares of its own stock at s2s cash per share. accounts ers of declared a $1.50 per share cash dividend to the Feb. 9 stockhold- record. payable on Feb. 28 Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1,200 of its treasury shares at $30 cash per share. Aug. 27 Sold 1,500 of its treasury shares at $20 cash per share. Sept. 9 Directors declared a $2 per share 23 stockholders cash dividend payable on October 22 to the September of record. Dec. 22 Paid the dividend declared on September 9. net income) in the account to 31 Closed the $52,000 credit balance (from Income summary Retained Earnings. Required 1. Prepare journal entries to record each of these transactions for 2016. 2. Prepare a statement of retained earnings for the year ended December 31,2016. 3. the stockholders' equity section of the company's balance sheet as of December 31,201 Prepare by the college