J&s Trucking -(ALL ENTRIES FOR J&S ONLY) KEY for Accounting Component Assets A Journal Entry = JE Liabilities = Stockholders' Equity = SE Accounting Component Account Debit (DR) Credit (CR) On April 15th, 2019 J&s authorized 375,000 shares at $4 par value. On June 15, 2019,J&S issued 200,000 shares at $5.50 per share. Do a Je to record the sale? On July 4th 2019,J&s issued 175,000 shares at $5.75 per share. Do a JE to record the sale? 7 8 On April 7th, 2020 J&s purchased from its stockholders 3,500 shares of its own previously issued stock for $28,000. Record a Je recognizing the buyback? On August 24th, 2020 J&s resold 2,000 shares (of the 3,500 buyback) for $10 per share. Record a JE recognizing the sale