S Hele Sistem Announcements Accounting Principles, 13e Problem 13-02A a-c Whispering Winds Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock (54 par) $400,000, Paid-in Capital in excess of Par-Common Stock $185,000, transactions. Mar. 1 Purchased 6,500 shares at $8 per share. June 1 Sold 1,500 shares at $13 per share. Sept.1 Sold 2,000 shares at $11 per share. Dec. 1 Sold 1,500 shares at $6 per share. Whispering Winds Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $34,000. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net income. (Record journal entries in the order presented in the problem. Credit acco Date Account Titles and Explanation Debit Credit V Dec. 1 SHOW LIST OF ACCOUNTS LINK TO TERT LINK TO TENT Open accounts for Paid in Capital from Treasury Stock. Treasury Stock and Retained Earnings (Post are the order of journal entries presented in the previous part) Paid in Capital froen Treasury Stock CALCULATOR scounts on January 1, 2020: Common Stock (54 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $185.000, and Retained Earnings $110,000. In 2020, the company had the following treasury stock treasury stock. In 2020, the company reported net income of $14,000 try at December 31, 2020, for net income (Hecord journal entries in the order presented in the problem. Credit accountitles are automatically indented whew amount is entered. Do not inden manually Debit Credit ary Stock and Retained Earnings (Past entries in the order of journal entries presented in the previous part) 9:40 AM 7/22/2020 BI E590 SHOW LIST OF ACCOUNTS 5 LINK TO TEXT LINK TO TEXT Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. (Post entries in the order of journal entries prese Paid-in Capital from Treasury Stock Study Treasury Stock > v V V > > Retained Earnings SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the stockholders' equity section for Whispering Winds Corporation at December 31, 2020. (Enter the account name only and do not provide the WHISPERING WINDS CORPORATION ESOURCES SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT 13-02 13-05 13-06 2 Prepare the stockholders' equity section for Whispering Winds Corporation at December 31, 2020. (Enter the account name only and do not provide the descriptive inform WHISPERING WINDS CORPORATION Balance Sheet (Partial) DIAS D2Aard > > 06A - Its by Study $ Click if you would like to Show Work for this questions Open Show Work SHOW LIST OF ACCOUNTS LINK TO TENT LINK TO TERT o Type here to search