Red means incorrect. Please intruct me the right answer and explain why, thanks! Give Kudos!
Question 6 of 7 1.82/2 View Policies Show Attempt History Current Attempt in Progress Cheyenne Company had the following stockholders' equity as of January 1, 2020 $ 101,500 294,000 Common stock, 65 par value, 20,300 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity 318,000 $713,500 During 2020, the following transactions occurred. Feb. 1 Mar. 1 Cheyenne repurchased 2.020 shares of treasury stock at a price of $ 19 per share. 800 shares of treasury stock repurchased above were reissued at $17 per share. 500 shares of treasury stock repurchased above were reissued at $13 per share. 580 shares of treasury stock repurchased above were reissued at $ 20 per share Mar. 18 Apr 22 (a) MacBook Air 3 00 DIN TB DO 19 14 SO 516 2 a 17 Question 6 of 7 1.82/2 Tay Your answer is correct. Prepare the journal entries to record the treasury stock transactions in 2020, assuming Cheyenne uses the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation 3830 Feb. 1 Treasury Stock 330 Cash 13600 Mar. 1 Cash 1600 Retired Earnings 15200 Treasury Stock 4500 Mar. 18 Cash 3000 Retailed Earnings 100 MacBook Air to 16 os 08 EP F2 . 1 0 det & 7 8 A 6 9 % 5 $ 4 # 3 @ 2 ! O T j Y U C Question 6 of 7 1.82/2 Cash 38380 Mar. 1 Cash 13600 1600 Retained Exings 15200 Treasury Stock 6500 Mar. 18 Cash 3000 Retained Earnings 9500 Trewry Stock 11600 Apr 22 Cash so Paid In Cotal from Treasury Stock 11000 Treasury Stock e Textbook and Media List of Accounts MacBook Air DI 24 se 3: + & RO FB . F2 esc oste ) 0 A & 8 9 % 5 $ 4 @ 2 # 3 6 0 1 U Y T R 1.82/2 Question 6 of 7 III Prepare the stockholders'equity section as of April 30, 2020. Net income for the first 4 months of 2020 was $137.400 (Enter account name only and do not provide descriptive Information) CHEYENNE COMPANY Stockholders' Equity April 30 2020 101500 Convon Stock 294000 Paid-in Capital in excess of PwCommon Stock 140200 Paldin Capital from Treasury Stock 20900 Total Paldin Capital 655000 Retained Earrings 20 Tremory to totalStohrady MacBook Air $! od # 41 0 : IP 78 HO F + del . esc FI A 0 & 7 9 8 % 5 $ 4 # 3 6 ! 2 U 0 Y Y U T 00 C