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On January 1,2022 , the stockhoiders' equity section of Marigold Corp. shows common stock ( $5 par value) $1,500,000; paid-in capital in excess of par

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On January 1,2022 , the stockhoiders' equity section of Marigold Corp. shows common stock ( $5 par value) $1,500,000; paid-in capital in excess of par $1,040,000; and retained earnings $1,240,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 49,000 shares for cash at $15 per share. July 1 Sold 10,000 treasury shares for cash at $17 per share. Sept. 1 Sold 9,000 treasury shares for cash at $14 per share. (a) Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.)

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