Skysong Company had the following stockholders equity as of January 1, 2017 Common stock, $5 par value, 21,000 shares issued $105,000 Paid in capital in excess of parcommon stock 297,000 Retained earnings 316,000 Total stockholders equity $718,000 During 2017, the following transactions occurred Feb 1 Skysong repurchased 1,960 shares of treasury stock at a price of $17 per share Mar 1 750 shares of treasury stock repurchased above were reissued at $15 per share Mar 18 510 shares of treasury stock repurchased above were reissued at $13 per share Apr 22 560 shares of treasury stock repurchased above were reissued at $18 per share Warning Don't show me this message again for the assignment Ok Cancel Prepare the journal entries to record the treasury stock transactions in 2017, assuming Skysong 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 0 for the amounts ) Prepare the stockholders equity section as of April 30, 2017 Net income for the first 4 months of 2017 was $130,300 (Enter account name only and do not provide descriptive information )

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Skysong Company had the following stockholders equity as of January 1, 2017. Common stock, $5 par value, 21,000 shares issued $105,000 Paid-in capital in excess

Skysong Company had the following stockholders equity as of January 1, 2017.

Common stock, $5 par value, 21,000 shares issued		$105,000
Paid-in capital in excess of parcommon stock		297,000
Retained earnings		316,000
Total stockholders equity		$718,000

During 2017, the following transactions occurred.

Feb. 1		Skysong repurchased 1,960 shares of treasury stock at a price of $17 per share.
Mar. 1		750 shares of treasury stock repurchased above were reissued at $15 per share.
Mar. 18		510 shares of treasury stock repurchased above were reissued at $13 per share.
Apr. 22		560 shares of treasury stock repurchased above were reissued at $18 per share.

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Don't show me this message again for the assignment

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Prepare the journal entries to record the treasury stock transactions in 2017, assuming Skysong 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 0 for the amounts.)

Prepare the stockholders equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $130,300. (Enter account name only and do not provide descriptive information.)