Treasury Stock Transactions. Samuel Company has the following accounts in its shareholders' equity sec- tion at the beginning of the current year: Common Stock ($1 par, 1,000,000 shares authorized, 600,000 shares issued and $ 600,000 outstanding) Additional Paid-in Capital in Excess of Par - Common 1,800,000 Retained Earnings 2,000,000 Required Prepare the journal entries required to record the following share buyback transactions assuming that Samuel Company holds the shares in the treasury using the cost method: Reacquired 20,000 shares to hold as treasury stock, paying $8.25 per share. Sold 10,000 of the shares for $11.50 per share. Reissued the remaining 10,000 shares for $4.10 per share. Treasury Stock Transactions, Retirement. Repeat the requirements of E15-8 and assume that the shares are retired rather than held in the treasury