January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock $10 per w value $200,000; and retained earnings $150,000. During the year, the following treasury stock mac March 5 Purchased 6,000 shares for cash at $3 per April 25: Sold 4,000 treasury shares for cash at $1 per sha June 25 Sold 2,000 treasury shares for cash a $11 per a Required: Prepare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS & CRETS Example: XYZ Company pays $15,000 cash to purchase land Answer Dr. Land Cr. Cash 15,000 15,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial V 10pt EMAIL 1X880 - 5-r