Score: 1.08 of 4 pts 5 of 5 (5 complete) HW Score: 65.81%, 6.58 of 10 pts P10-52A (similar to) Question Help The balance sheet of Amusement, Inc., at December 31, 2017, reported 700,000 shares of $2 par common stock authorized with 105,000 shares issued and outstanding. Paid-in capital in excess of par-common had a balance of $305,000. Retained earnings had a balance of $140,000. During 2018, the company completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Feb 15: Purchased 10,000 shares of treasury stock at $9 per share. Journal Entry Date Accounts Debit Credit Feb 15 Treasury stock 90,000 Cash 90,000 Credit Mar 8: Sold 5,000 shares of treasury stock for $16 per share. Journal Entry Date Accounts Mar 8 Cash Treasury stock Paid-in capital, treasury stock Debit 80,000 45,000 35,000 Sep 28: Declared and distributed a 10% stock dividend on the 100,000 shares of outstanding common stock. The market value of Amusement's common stock was $13 per share. Journal Entry Accounts Credit Sep 28 Retained earnings Date Debit 130000 Common stock Paid-in capital in excess of par-common