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On January 1, 2020, the equity section of Flint Stores shows share capital-ordinary ( C7 par value) 2,100,000; share premiumordinary 1,100,000; and retained earnings 1,170,000.

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On January 1, 2020, the equity section of Flint Stores shows share capital-ordinary ( C7 par value) 2,100,000; share premiumordinary 1,100,000; and retained earnings 1,170,000. During the year, the following treasury share transactions occurred Mar. 1 Purchased 52,000 shares for cashat E15 per share. July 1 Sold 10,000 treasury shares for cash at E17 per share. Sept. 1 Sold 8,000 treasury shares for cashat E14 per share. Journalize the treasurystock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Restate the entry for September 1, assuming the treasury shares were sold at 11 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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