Question 12 45 points (4.5 Grades) On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows Common stock (510 par value) 1400 000 paid in contributed) capital 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 $14 per share April 25. Sold 2.000 treasury shares for cash at $15 per share June 25. Sold 3,000 treasury shares for cash at $11 per share Required: Prepare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS ACREDITS Example XYZ Company pay $10,000 cash to purchase and Answer On and 10.000 Cr Cash 10,000