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Great Plains Amusements Corporation had the following stockholders' equity on November 30 Click the icon to view the stockholders' equity) On December 30, Great Plains

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Great Plains Amusements Corporation had the following stockholders' equity on November 30 Click the icon to view the stockholders' equity) On December 30, Great Plains purchased 100 shares of treasury stock at 511 per share Read the requirements Requirement 1. Journalize the purchase of the treasury stock (Record debits first then credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit Dec 30 Requirement 2. Prepare the stockholders equity section of the balance sheet at December 31, 2024. Assume the balance in retained earnings is unchanged from November 30 Great Plains Amusements Corporation Balance Sheet (Partial) December 31 Stockholders' Equity Pald in Capital Total Paid In Capital Total Stockholders' Equity Requirement 3. How many shares of common stock are outstanding after the purchase of treasury stock? shares are outstanding - - X Data table tockhol pined earnings is $ 650 Amuse nce Sh Stockholders' Equity Paid-In Capital Common Stock-$5 Par Value; 1,300 shares authorized, 130 shares issued and outstanding Paid In Capital in Excess of Par-Common Total Paid In Capital Retained Earnings 1,950 Decen ckhold 2.600 59,000 $ 61,600 Total Stockholders' Equity -X Requirements 1. Journalize the purchase of the treasury stock 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2024 Assume the balance in retained earnings is unchanged from November 30 3. How many shares of common stock are outstanding after the purchase of treasury stock

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