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Southern Amusements Corporation had the following stockholders' equity on November 30: :: (Click the icon to view the stockholders' equity.) On December 30, Southem purchased

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Southern Amusements Corporation had the following stockholders' equity on November 30: :: (Click the icon to view the stockholders' equity.) On December 30, Southem purchased 200 shares of treasury stock at $15 per share Read the requirements. Requirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explana Date Accounts and Explanation Debit Credit Dec. 30 Data Table Stockholders' Equity Paid-In Capital: Common Stock-$5 Par Value; 1,300 shares authorized, 250 shares issued and outstanding Paid-in Capital in Excess of ParCommon Total Paid-In Capital $ 1,250 3,750 5.000 50,000 Retained Earnings Total Stockholders' Equity 55,000 Print Done

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