On December 30, Seaside purchased 125 shares of treasury stock at $10 per share.

1.Journalize the purchase of the treasury stock.
2.	Prepare the stockholders' equity section of the balance sheet at December 31, 2018. Assume the balance in retained earnings is unchanged from November 30.
3.	How many shares of common stock are outstanding after the purchase of treasury stock?

Data Table Stockholders' Equity Paid-In Capital: Common Stock-$5 Par Value; 1,300 shares authorized, 130 shares issued and outstanding $ 650 1,950 Paid-In Capital in Excess of ParCommon Total Paid-In Capital Retained Earnings 2,600 54,000 $ 56,600 Total Stockholders' Equity Print Done