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On January 1, 2020, the equity section of Pronghorn Stores shows share capitalordinary (4 par value) 1,200,000; share premiumordinary 1,070,000; and retained earnings 1,190,000. During

On January 1, 2020, the equity section of Pronghorn Stores shows share capitalordinary (4 par value) 1,200,000; share premiumordinary 1,070,000; and retained earnings 1,190,000. During the year, the following treasury share transactions occurred.

Mar. 1 Purchased 52,000 shares for cash at 15 per share.
July 1 Sold 10,000 treasury shares for cash at 17 per share.
Sept. 1 Sold 9,000 treasury shares for cash at 14 per share.

Journalize the treasury stock transactions.

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date Mar. 1July 1Sept. 1

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

choose a transaction date Mar. 1July 1Sept. 1

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

choose a transaction date Mar. 1July 1Sept. 1

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

.

b. Restate the entry for September 1, assuming the treasury shares were sold at 12 per share.

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date Mar. 1July 1Sept. 1

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

PLEASE MAKE SURE THE ANSWER IS CORRECT 100%

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