On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows Common stock 10 par w value $200,000, and retained earnings $150,000. During the year, the following treasury stock teac March 5 Purchased 6,000 shares for canh at $10 per s April 25 Sold 4,000 treasury shares for cash at $15 per June 25 Sold 2,000 treasury shares for cash at $1 per sha Required: Prepare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $15,000 cash to purchase land Answer Dr. Land Cr. Cash 15,000 15,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B Paragraph IUS 3 Arial v 10pt XX +] x080 (4.5 Grades) value $200,000, and retained earnings $150,000. During the year, the following treasury stock transactions occured On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows Common stock ($10 par value) $400 000; paid-in (contd caps in a p March 5: Purchased 6,000 shares for cash at 516 per shar April 25 Sold 4,000 treasury shares for cash at $18 per share June 25: Sold 2,000 treasury shares for cash at $11 per share Required: Prepare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $15,000 cash to purchase land Answer Dr. Land Cr. Cash 15,000 15,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B I U S Paragraph V Arial 10pt AV EB BEB