Restate the entry for September 1, assuming the treasury shares were sold at $11 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Exercise 11-09 a-b (Part Level Submission) On January 1, 2020, the stockholders' equity section of Cheyenne Corp. shows common stock ($4 par value) $1,200,000; paid-in capital in excess of par $1,070,000; and retained earnings $1,220,000. During the year, the following treasury stock transactions occurred Mar. 1 July 1 Sept. 1 Purchased 47,000 shares for cash at $15 per share. Sold 10,000 treasury shares for cash at $17 per share. Sold 8,500 treasury shares for cash at $14 per share. (a) Your answer is correct. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 Treasury Stock 705000 Cash 705000 uly 1 170000 Treasury Stock 150000 Paid-in Capital from Treasury Stock 20000 Sept. 1