Question Hundey, Inc. articles of incorporation authorized the issuance of 150,000 common shares. Prior to the transaction, Mumbay, Inc.'s shareholder guy ched the following: Shareholders' Equity Common stock, $2 par $120,000 Paid-in capital-excess of par 240.000 Retained earnings 210,000 Assuming that Huxley, Inc. retires shares it reacquires (restores their status to that of authorized but unissued shares) record the appropriate jumal entry for each of the following transactions: Write the joumal entries for transactions a-b in the proper format and use the complete account name (Paid in capital can be abbreviated PC but you must indicate which PIC account) a. On January 7, Huxley, Inc., required 9.000 shares at $5,50 per share, b. On August 23, Huxley, Inc. reacquired 8,000 shares at $6.50 per share For the toolbar. Press ALT F10 (PC) ALT.PNF10 Mac B 1 US Paragraph Arial 14px v A T. X BS x x STT 99 DE 11 0.9 EB BEBE BE @ 30 MacBook Air DOO 20 000 & 73 * $ 4 & 7 # 3 % 5 8 0 9 6 1 2 A Moving to another question will save the response Questions Party Inc. has 159,200 shares of common stock wuthorired, 68,120 shares innoed, sed 5,388 shares of treasury wock. Putty declares a divend of 50.14 per share. By paying this dividend, wurs be reduced by Moving to another question will save this response MacBook Air BO F3 GRO OBD 24 % 5 $ 4 a > & 7 9 8 0 2 3 T U Y 70 E W L H G F A S D Question Huxtery, Inc. articles of incorporation authorized the issuance of 150,000 common shares. Prior to the transactions, Hussey, Inc.'s shareholders equity included the following Shareholders' Equity Common stock, $2 par $120.000 Paid-in capital excess of par 240,000 Retained earnings 210,000 Assuming that Huxdey, Inc. retires shares it reacquires (restores their status to that of authorized but unissued shares) record the appropriate youmal entry for each of the following transactions: Write the journal entries for transactions ab in the proper format and use the complete account name. (Paid in capital can be abbreviated PIC but you must indicate which PIC account) a. On January 7, Huxley, Inc. racquired 9,000 shares at 55.50 per share. b. On August 23, Huxley, Inc. reacquired 8,000 shares at $6.50 per share T. o XO 53 is A 14px For the toolbar, press ALT+F10 (PC) OR ALT+FN+F10 (Mac). B TV S Paragraph Arial x x 82 - + 99 > > MacBook Air w 11 97 sas FS A & $ %23 9 % 5 8 7 6