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Johnston, Inc., engaged in the following transactions involving treasury stock. Feb. 10 Purchased for cash 17,000 shares of treasury stock at a price of $31

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Johnston, Inc., engaged in the following transactions involving treasury stock. Feb. 10 Purchased for cash 17,000 shares of treasury stock at a price of $31 per share. June 4 Reissued 6,000 shares of treasury stock at a price of $44 per share. Dec.22 Reissued 4,000 shares of treasury stock at a price of $22 per share. a. Prepare general journal entries to record these transactions. b. Compute the amount of retained earnings that should be restricted because of the treasury stock still owned at December 31. Complete this question by entering your answers in the tabs below. Required A Required B Prepare general journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Feb 10 527,000 Treasury stock Cash 527,000 2 Jun 04 Cash 264.000 Treasury stock 264,000 Dec 22 88,000 Cash Additional paid-in capital: Treasury stock Treasury stock 36,000 124,000 Required A Required B

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