On January 1,2022, the stockholders' equity section of Sheridan Company shows common stock ( $5 par value) $1,500,000; paid-in capital in excess of par $1,080,000; and retained earnings $1,210,000. During the year, the following treasury stock transactions. occurred. Mar. 1 Purchased 48,000 shares for cash at $15 per share. July 1 Sold 11,500 treasury shares for cash at $17 per share. Sept. 1 Sold 10,000 treasury shares for cash at \$14 per share. Journalize the treasury stock transactions. (Recerd journal entries in the order presented in the problem. Credit occount titles are outomatically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)