Homework: Chapter 14 6 Calculator Print Item James Incorporated is authorized to issue 5,000,000 shares of $1 par value common stock. In its second year of business, the company has the following transactions: Mar. 31 Jul. 9 Issued 25,000 shares at $9 share. Issued 140,000 shares in exchange for a building with a clearly determined value Purchased 9,000 shares of treasury stock at $8 per share. $750,000 Aug. 30 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar 31 Cash Common Stock Additional Paid-in Capital from Common Stock Building Jul. 9 Common Stock Additional Paid-in Capital from Common Stock Aug. 30 Treasury Stock Cash Feedback Check My Work Previous Next