On January 1, 2021, the stockholders' equity section of Nance Corporation shows: Common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred Mar. 1 Purchased 30.000 shares for cash at $22 per share. . July 1 Sold 6,000 treasury shares for cash at $27 per share. Sept. 1 Sold 5,000 treasury shares for cash at $19 per share. Part 1 Your answer is correct. 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. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 Treasury Stock 660,000 Cash July 1 Cash 162,000 Paid-in Capital from Treasury Stock Treasury Stock Sept. 1 Cash 95,000 Paid-in Capital from Treasury Stock 15,000 Treasury Stock e Textbook and Media List of Accounts Attempts: unlimited Part 2 - Your answer is partially correct. 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.) Date Account Titles and Explanation Debit Credit Sept. 1 Cash 60,000 Paid-in Capital from Treasury Stock 15,000 Retained Earnings 0 Treasury Stock eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit