Problem 15-6 Tamarisk Company has the following stockholders' equity accounts at December 31, 2017 Common Stock ($100 par value, authorized 8,300 shares 484,900 Retained Earnings 274,500 Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account titles are automatically indented whern amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and entero ior the amount.) (1) 270 shares of outstanding stock were purchased at $97 per share. (These are to be accounted for using the cost method.) (2) A $22 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) 510 shares of outstanding stock were purchased at $105 per share. (6) 340 of the shares purchased in (5) above were resold at $96 per share. No. Account Titles and Explanation Debit Credit 1 Treasury Stock Cash 2. Retained Earnings Dividends Payable Dividends Payable Cash