Hi, the following is the question. I'm wondering what to do 'about the last part. I decrease treasury stock by 11,000*8= 88,000 but where do I get the rest of the 11,000*3=33,000 for the 11,000*11=121,00 increase in cash account? Specifically which balance sheet accounts are increased or decreased in the last transaction on Dec 6th and by what dollar amounts?

Halpern Corporation is authorized to issue 1,000,000 shares of $3 par value common stock. During 2015, its first year of operation, the company has the following stock transactions.

Jan. 1Paid the state $5,000 for incorporation fees.

Jan.15Issued 500,000 shares of stock at $6 per share.

Jan.30Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $7,000.

July2Issued 100,000 shares of stock for land. The land had an asking price of $900,000. The stock is currently selling on a national exchange at $8 per share.

Sept.5Purchased 15,000 shares of common stock for the treasury at $8 per share.

Dec.6Sold 11,000 shares of the treasury stock at $11 per share.

Instructions

Indicate the accounts that are increased and/or decreased in the above transactions for Halpern Corporation.