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The stockholders' equity section of Cheyenne Corp. balance sheet at December 31,2019 , appears below: During 2020, the following stock transactions occurred: Jan. 18 Issued

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The stockholders' equity section of Cheyenne Corp. balance sheet at December 31,2019 , appears below: During 2020, the following stock transactions occurred: Jan. 18 Issued 87,000 shares of common stock at $24 per share. Aug. 20 Purchased 28,000 shares of Cheyenne Corp. common stock at $25 per share to be held in the treasury. (a) Prepare the journal entries to record the above stock transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter O for the amounts.)

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