Recording Treasury Stock Transactions. On January 2, 2020, Liberty Corporation was authorized to issue 200,000 shares of $5 par value common stock. Liberty issued 40,000 shares of common stock on January 15, 2020, at $15 per share. Required a. Record the entry on June 30, 2020, for purchase of 4,400 common shares for the treasury at $18 per share. b. Record the entry on September 20, 2020, for sale of 1,600 treasury shares at $21 per share. c. Record the entry on November 3, 2020, for sale of 1,000 treasury shares at $17 per share. d. Record the entry on December 15, 2020, for sale of 800 treasury shares at $13 per share. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Date Account Name Cr. a. June 30, 2020 Treasury Stock Cash ov 79,200 Dr. 79,200 0 33,600 0 0 b. Sept. 20, 2020 Cash 0 Paid-in Capital-Treasury Stock Treasury Stock 25,600 x 8,000 * C Nov. 3, 2020 Cash + 0x 0 = Paid-in Capital-Treasury Stock Treasury Stock 17,000 x 23,200 x + 0 0x 40,200 x 0 d. Dec. 15, 2020 Cash 0x 10,400 x Paid-in Capital-Retired Stock Retained Earnings + 0 x 0 Treasury Stock 0 0 x e. Determine the number of shares issued and the number of shares outstanding on the following dates (after transactions have been recorded): June 30, 2020; September 20, 2020; November 3, 2020; and December 15, 2020. Issued Shares Outstanding Shares 1. June 30, 2020 0x 2. Sept. 20, 2020 0 x 3. Nov. 3, 2020 0x 3. Dec. 15, 2020 0x 4,400 x 1,600 x 1,000 x 800 x + + Y x