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Sandhill Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 19,100 shares issued $95,500 Paid-in capital in excess
Sandhill Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 19,100 shares issued $95,500 Paid-in capital in excess of par-common stock 304,000 Retained earnings 314,000 Total stockholders' equity $713,500 During 2020, the following transactions occurred. Sandhill repurchased 2.150 shares of treasury stock at a price of $20 per share. 720 shares of treasury stock repurchased above were reissued at $18 per share. 530 shares of treasury stock repurchased above were reissued at $13 per share. Apr. 22 630 shares of treasury stock repurchased above were reissued at $22 per share Feb. 1 Mar. 1 Mar. 18 (a) Prepare the journalentries to record the treasury stock transactions in 2020. assuming Sandhill uses the cost method. (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.) Account Titles and Explanation Debit Credit Date Prepare the journal entries to record the treasury stock transactions in 2020, assuming Sandhill uses the cost method. (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 for the amounts.) Account Titles and Explanation Debit Credit Date Feb. 1 Mar. 1 Mar. 18
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