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Recording Treasury Stock Transactions On January 2, 2020, Liberty Corporation was authorized to issue 200,000 shares of $5 par value common stock. Liberty issued 40,000 shares of common stock on January 15, 2020, at $15 per share. Required a. Record the entry on June 30, 2020, for purchase of 4,400 common shares for the treasury at $18 per share. b. Record the entry on September 20, 2020, for sale of 1,600 treasury shares at $21 per share. c. Record the entry on November 3, 2020, for sale of 1,000 treasury shares at $17 per share. d. Record the entry on December 15, 2020, for sale of 800 treasury shares at $13 per share. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Date Account Name Dr. Cr. a. June 30, 2020 0 0 b. Sept. 20, 2020 0 0 0 0 0 0 0 0 C. Nov. 3, 2020 0 0 0 0 0 0 0 d. Dec. 15, 2020 0 0 0 0 0 0 0 e. Determine the number of shares issued and the number of shares outstanding on the following dates (after transactions have been recorded): June 30, 2020; September 20, 2020; November 3, 2020; and December 15, 2020. Issued Outstanding Shares Shares 1. June 30, 2020 0 2. Sept. 20, 2020 0 3. Nov. 3, 2020 3. Dec. 15, 2020 0 0 0 0 0 0