Problem 10-69B Treasury Stock Transactions Bentonite Adhesives Inc. engaged in the following transactions during the current year: a. Repurchased 8,000 shares of its own $5 par common stock for $13 per share on January 14 . b. Sold 2,600 of the treasury shares to employees for $8 per share on January 31 . c. Repurchased 2,000 more shares of the $5 par common stock for $17 each on July 24. d. Sold the remaining 5,400 shares from the January 14 purchase and 800 of the shares from the July 24 purchase to employees for $9 per share on August 1. Required: 1. Prepare journal entries for each of these transactions. 2. CONCEPTUAL CONNECTION Determine the effect on total stockholders' equity for each of the four transactions