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Pearl Company had the following stockholders' equity as of January 1, 2020. Common stock. $5 par value, 21,100 shares issued Paid-in capital in excess of

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Pearl Company had the following stockholders' equity as of January 1, 2020. Common stock. $5 par value, 21,100 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $105,500 304,000 317,000 $726,500 During 2020, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Pearl repurchased 2,020 shares of treasury stock at a price of $21 per share. 740 shares of treasury stock repurchased above were reissued at $19 per share. 520 shares of treasury stock repurchased above were reissued at $14 per share. 550 shares of treasury stock repurchased above were reissued at $23 per share. (a) Your answer is partially correct, Prepare the journal entries to record the treasury stock transactions in 2020, assuming Pearl uses the cost me account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, sele the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Prepare the journal entries account titles are automatically indented when amount is entered. Do the account titles and enter for the amounts.) Credit Debit Date 42420 Account Titles and Explanation ch 1 42420 Treasury Stock Cash 14060 Cash 1480 Retained Earnings 15540 Treasury Stock 7280 1.18 Cash 3,640 Retained Earnings 10.920 Treasury Stock 12650 pr. 22 Cash 1.100 Treasury Stock Pald-in Capital from Treasury Stock 10.920 e Textbook and Media List of Accounts

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