On January 1, 2020, the stockholders' equity section of Newlin Corporation shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,000,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 10,000 treasury shares for cash at $17 per share. Sept. 1 Sold 8,000 treasury shares for cash at $14 per share. 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.) Sate Account Titles and Explanation Debit Credit Mar. 14 Treasury Stock 750000 Cash 750000 July 1 4 Cash 170000 Paid-in Capital from Treasury Stock 20000 Treasury Stock 150000 Sept. 1 Cash 112000 Paid-in Capital from Treasury Stock 8000 Treasury Stock 120000 Restate the entry for September 1, assuming the treasury shares were sold at $12 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Jate Account Titles and Explanation Debit Credit Sept. 1 4 Cash 96000 Paid-in Capital from Treasury Stock 24000 Treasury Stock 120000