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Tamarisk, Inc. had the following stockholders' equity accounts on January 1, 2019: Common Stock (55 par) 541.850. Pald-in Capital in Excess of PreComo Retained Earnings

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Tamarisk, Inc. had the following stockholders' equity accounts on January 1, 2019: Common Stock (55 par) 541.850. Pald-in Capital in Excess of PreComo Retained Earnings $117.610. In 2019, the company had the following treasury stock transactions. stock $198.920, and Mar. 1 Purchased 5,600 shares at 59 per share. June 1 Sold 1,090 shares at $13 per share, Sept. 1 Sold 1.300 shares at $11 per share, Dec. 1 Sold 1.180 shares at $7 per share. Tamarisk, Inc. uses the cost method of accounting for treasury stock. In 2019, the company reported net income of $28.290 Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2019. for net income. (Record journal entries in account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accoun Date Account Titles and Explanation Debit Credit

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