On January 1, 2022, the stockhalders' equity section of Pharoah Company shows common stock ( $5 par value) $1,500,000; paid-in capital in excess of par $1,080,000; and retained earnings $1,160,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 49,000 shares for cash at $15 per share. July 1 Sold 11,000 treasury shares for cash at $17 per share. Sept. 1 Sold 10,000 treasury shares for cashat $14 per share. (a) Youranswer 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 tities and enter O for the amounts.) Restate the entry for September 1 , assuming the treasury shares were sold at $11 per share. (Credit account titles are automatically Indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter O for the. amounts.)