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Prepare entries to record the following: a. Issued 1,000 shares of $10 par common stock at $56. If an amount box does not require an

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Prepare entries to record the following: a. Issued 1,000 shares of $10 par common stock at $56. If an amount box does not require an entry leave it blank. Cash b. Issued 1,400 shares of $10 par common stock in exchange for equipment with a fair market price of $21,000. If an amount box does not require an entry, leave blank C. Purchased 100 shares of treasury stock at $25. If an amount box does not require an entry, leave it blank d. Sold the 100 shares of treasury stock purchased in (c) at $30. If an amount box does not require an entry, leave it blank Cash Common Stock Paid-In Capital in Excess of Par-Preferred Stock Retained Earnings b. Treasury Stock blank. exchange for b. Issued 1,400 shares of $10 par common stock in exchange blank. Cash Common Stock Equipment Paid-In Capital in Excess of Par-Common Stock Retained Earnings c. Purchased 100 shares of treasury stock at $25. If an amoun c. Purchased 100 shares of treasury stock at $25. If an amou Cash Common Stock Paid-In Capital from Sale of Treasury Stock Retained Earnings d. Treasury Stock sed in (c) at $3 d. Sold the 100 shares of treasury stock purchased in (c) at $3 Cash Common Stock Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Treasury Stock

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