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Problem 15-02 Martinez Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 21,000 shares issued $105,000 Paid-in capital

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Problem 15-02 Martinez Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 21,000 shares issued $105,000 Paid-in capital in excess of par-common stock 298,000 Retained earnings 322,000 Total stockholders' equity $725,000 During 2020, the following transactions occurred. Feb. 1 Martinez repurchased 2,130 shares of treasury stock at a price of $18 per share. Mar. 1 BUO shares of treasury stock repurchased above were reissued at $16 per share, 450 shares of treasury stock repurchased above were reissued at $13 per share. 650 shares of treasury stock repurchased above were relssued at $21 per share. Mar. 18 Apr. 22 Prepare the journal entries to record the treasury stock transactions in 2020, assuming Martinez uses the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Prepare the stockholders' equity section as of April 30, 2020. Net Income for the first 4 months of 2020 was $136,100. (Enter account name only and do not provide descriptive information) MARTINEZ COMPANY Stockholders' Equity April 30, 2020 Common Stock 105,000 Pald-in Capital in Excess of 298000 Pald-in Capital from Treasi 11700 Total Paid in Capital 414700 Retained Earings Click if you would like to show Work for this question in Show Work

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