On January 1, 2020, the stockholders' equity section of Ayayai Corporation shows common stock ($5par value) $1,500,000; paid-in capital in excess of par $1,020,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred.

Mar.1Purchased51,000 shares for cash at $15 per share.July1Sold11,000 treasury shares for cash at $17 per share.Sept.1Sold10,000 treasury shares for cash at $14 per share.

(a)

Journalize the treasury stock 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.)

Date

Account Titles and Explanation

Debit

Credit

Mar. 1

July 1

Sept. 1

Mar. 1

July 1

Sept. 1

Mar. 1

July 1

Sept. 1