Treasury Stock Transactions Adams Company had the following Treasury Stock transactions: On July 21, 2020, Adams Corp. purchased 2000 shares of its $2.00 par value Common Stock at $15.00 per share. On August 10, 2020, Adams Corp. sold 300 shares of of the Treasury Stock at $20.00 per share On September 15, 2020 Adams Corp. sold 1000 shares of the Treasury Stock at $5.00 per share REQUIRED: 1) Record the three journal Entries for the Treasury Stock transactions. 2) After the two sales above, 700 Shares of Treasury Stock remain on hand. How does the company present the Treasury Stock on the Balance Sheet? Please explain