q1

Moving to another question wil sole uns Question 1 4.5 points Save Answe (4.5 Grades) On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10 par value) S400 000, pald-in (contrbuted) captal in excess of par value $200,000 and retained earnings $150,000. During the year, the following treasury stock transactions occurred. March 5: Purchased 5.000 shares for cash at $28 per share. April 25 Sold 2.000 treasury shares for cash at $30 per share. June 25. Sold 3.000 treasury shares for cash at $22 per share Required: Prepare journal entries to record the above treasury stock transactions. CLEARLY INDICATE THE DEBITS & CREDITS Exemple: XYZ Company Days S10 000 cash to purchase and Answer. Dr. Lano 10 000 Cr Cash 10000 For the toolbar press ALT-F10 PC or ALT-FN-10 (Mac)