Pina Colada Corp. purchased 2,050 shares of its $8 par value common stock for $62,320 on August 1. It will hold these in the treasury until resold. Prepare a tabular summary to record the treasury stock transaction. Include margin explanations for the changes in revenues and expenses. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

		Assets	=	Liabilities	+	Stockholders Equity
										Retained Earnings
		Cash	=		+	Common Stock	+	Treasury Stock	+	Revenue	-	Expense	-	Dividend
Aug. 1		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		select an option