Problem 15-6 (Part Level Submission) Swifty Company has the following stockholders' equity accounts at December 31, 2017, Common Stock ($100 par value, authorized 8,800 shares) Retained Earnings $523,200 309,100 (a) Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, sele Entry" for the account titles and enter o for the amounts.) (1) 280 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) (2) A $21 per share cash dividend was declared (3) The dividend declared in (2) above was paid (4) The treasury shares purchased in (1) above were resold at $103 per share. (5) 480 shares of outstanding stock were purchased at $106 per share (6) 320 of the shares purchased in (5) above were resold at $96 per share No. Account Titles and Explanation Debit Credit Treasury Stock 27160 Cash 27160 2. Retained Earnings Dividends Payable Dividends Payable 3. Cash 4. Cash Treasury Paid-in Capital from Treasury Stock 5. Treasury Stock Cash 6. Cash Paid-in Capital from Treasury Stock Retained Earning:s