Treasury Stock Transactions

Ebenezer Consulting had no treasury stock at the beginning of the year. During January, Ebenezer purchased 7,900 shares of treasury stock at $21 per share. In April, Ebenezer sold 4,100 of the treasury shares for $25 per share. In August, Ebenezer sold the remaining treasury shares for $20 per share.

Required:

Prepare journal entries for the January, April, and August treasury stock transactions.

January:	Additional Paid-In Capital-Treasury StockCashPreferred StockRetained EarningsTreasury Stock	- Select -
	Additional Paid-In Capital-Treasury StockCashPreferred StockRetained EarningsTreasury Stock		- Select -
	(Record purchase of treasury shares)
April:	Accounts ReceivableAdditional Paid-In Capital-Treasury StockCashRetained EarningsTreasury Stock	- Select -	- Select -
	Accounts PayableAdditional Paid-In Capital-Treasury StockCashDividends PayableRetained Earnings	- Select -	- Select -
	CashCommon StockDividends PayableRetained EarningsTreasury Stock	- Select -	- Select -
	(Record reissue of treasury shares)
August:	Accounts PayableAdditional Paid-In Capital-Common StockCashCommon StockTreasury Stock	- Select -	- Select -
	Accounts ReceivableAdditional Paid-In Capital-Common StockAdditional Paid-In Capital-Treasury StockPreferred StockTreasury Stock	- Select -	- Select -
	Accounts PayableAdditional Paid-In Capital-Treasury StockCashCommon StockTreasury Stock	- Select -	- Select -
	(Record reissue of treasury shares)