On January 1, 2020, Merigold Corp. Issued 21,000 shares of $4 par value common stock for $240,000.

On January 1, 2020, Marigold Corp. issued 21,000 shares of $4 par value common stock for $240,000. On March 1, 2020, the company purchased 4,300 shares of its common stock for $17 per share for the treasury. Journalize the stock transactions of Marigold Corp. in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit