Question $19$ of $38$

$\frac{0\mathrm{.}58}{1}$

On January $1,2025,$ Skysong Supply Company issued $14,000$ shares of $$2$ par value common stock for $$105,000.$ On March $1,2025,$ the company purchased $1,750$ shares of its common stock for $$15$ per share for the treasury.

Journalize the stock transactions of Skysong Supply Company in $2025.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

Common Stock

Paid$-$in Capital in Excess of Par$-$Common Stock

Cash

Treasury Stock

$26250$

Cash $$

$26250$

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