Problem 10-83A Treasury Stock Transactions Hansen Inc. engaged in the following transactions during the current year: a. Repurchased 13,000 shares of its own $1 par common stock for $14 per share on January 14, b. Sold 2,000 treasury shares to employees for $6 per share on January 31. c. Repurchased 3,000 more shares of the $1 par common stock for $16 per share on July 24. d. Sold the remaining 11,000 shares from the January 14 purchase and 1,200 of the shares from the July 24 purchase to employees for $6.50 per share on August 1. Required: 169,000 X 1. Prepare journal entries for each of these transactions. a. Jan. 14 Additional Paid-In Capital-Treasury Stock X Cash (Record purchase of treasury shares) 182,000 12,000 2,000 X b. Jan. 31 Cash Additional Paid-In Capital-Treasury Stock x Treasury Stock (Record reissue of treasury shares) 10,000 X 45,000 X C. July 24 Treasury Stock Cash (Record purchase of treasury shares) 48.000 71,500 X 11,000 X d. Aug. 1 Cash Additional Paid-In Capital-Treasury Stock Treasury Stock (Record reissue of treasury shares) 60,500 x Feedback Check My Work 1. When purchasing its own previously issued stock, corporations record a reduction to stockholders' equity for the purchase amount 2. Conceptual Connection: Determine what the effect on total stockholders' equity is for each of the four transactions. Note the following: 1. Enter the net increase or decrease by transaction. 2. Enter all amounts as positive values. a. by b. by C by d. by Total by