Stock transactions for Careful, Inc. follow:

View the transactions.

Journalize the transactions. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Mar. $4$: Issued $26,000$ shares of $$1$ par value common stock at $$12$ per share.

May $22$: Purchased $1,200$ shares of treasury stock$-$common at $$12$ per share.

Transactions