Weygandt, Accounting Principles, 12e Help System Announcements Exercise 13-7 (Part Level submission) (se par value) $1,800,000; paid-in capital in excess of par on January 1, 2017, the stockholders' equity section of Newlin Corporation shows common stock occurred. $1,050,000; and retained earnings $1,230,000. During the year, the following treasury stock transactions Mar. 1 Purchased 51,000 shares for cash at $15 per share. uly 1 Sold 12,000 treasury shares for cash at $17 per share. Sept. 1 sold 10,000 treasury shares for cash at $14 per share. (a) indent Your answer is correct. presented in the problem credit account titles are automatically Journalize the treasury stock transactions. (Record journal entries in the order when amount entered. Do manually.) Account Titles and Explanation 765000 Mar. 1 Treasury Stock 765000 Cash 204000 Paid-in Capital from Tr 140000 Sept. 1 Cash 10000