NAME: REQUIRED: PREPARE JOURNAL ENTRIES FOR THE SIX TRANSACTIONS BELOW E1S-6.(Stock Issukinces and Repurchase) Lindsey Hunter Corporation is authorized to issue 50,000 shares of sS par value ogonmon stock Daring 2014, Lindsey Huter tookartin the folowing elected transactionds. 1 Issued 5000 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $7,000. 2. Issued 1,000 shares of stock for land appraised at $50,000. The stock was actively traded n a national stock exchange at approximately $46 per share on the date of issuance. in 2010 at $40 per share. 3. Purchased 500 shares of treasury stock at $43 per share The treasury shares purchased were issued 1. 3. 2. E15-7 (Effect of Treasury Stock Transactions on Financials) Joe Dumars Company has outstanding the following transactions 1. Purchased 5,000 treasury shares at $45 per share 2. Resold 2,000 of the treasury shares at $49 per shaze. 3. Resold 500 of the treasury shares at $40 per share. 1. 3. Instructions tIlse the following code to indicate the effect each of the three transactions has on the financial statement categories listed in the table below, assuming Joe Dumars Company uses the cost method ( Increase; D- Decrease NE No effect). Stockholders' Paid-in Retained Net PhioI Milu CApitnl Assets LLiabilities -Equity-Capital-I Earnings-1 Income- AILC