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On January 1, 2020, Vidalia Company issued 30,000 shares of $2 par value common stock for $150,000. On March 1, 2020, the company purchased 6,000

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On January 1, 2020, Vidalia Company issued 30,000 shares of $2 par value common stock for $150,000. On March 1, 2020, the company purchased 6,000 shares of its common stock for $8 per share for the treasury. On June 1, 2020, 1,500 of the treasury shares are sold for $10 per share. On September 1, 2020,3,000 treasury shares are sold at $6 per share. Journalize the stock transactions of Vidalia Company in 2020. (Recordjoumal 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 Jan 1 Cash 150000 Common Stock Paid-in Capitalin Excess of Par Common Stock March 1 Treasury Stock Cash June Cash Treasury Stock Pald-in Capital from Treasury Stock

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