Question 11 The stockholders' equity section of Makoto Corporation's balance sheet at December 31, 2020, appears below: Stockholders' equity Paid-in capital Common stock, $10 par value, 400,000 shares authorized; 250,000 issued and outstanding $2,500,000 Pald-in capital in excess of par 1,200,000 Total paid-in capital 3,700,000 Retained earnings 600,000 Total stockholders' equity $4,300,000 During 2021, the following stock transactions occurred: Jan. 18 Aug. 20 Nov. 5 Issued 50,000 shares of common stock at $32 per share. Purchased 25,000 shares of Makoto Corporation's common stock at $26 per share to be held in the treasury. Reissued 9,000 shares of treasury stock for $28 per share. Prepare the journal entries to record the above stock transactions. (Credit account titles are automatically indented w entries in the order presented in the problem.) Date Credit Debit Account Titles and Explanation (a) Prepare the journal entries to record the above stock transactions. (Credit account titles are automatically indented wher entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record issuance of 50,000 shares of common stock) v LINK TO TEXT LINK TO TEXT