X C Remaining Time: 1 hour, 51 minutes, 41 seconds. Question Completion Status: WEBCAM RE L Moving to another question will save this response. Question 13 (4.5 Grades) Question 13 of 15 S 4.5 points Save Answer On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10 par value) $400,000; paid-in (contributed) capital in excess of par value $200,000; and retained earnings $150,000. During the year, the following treasury stock transactions occurred. March 5: Purchased 5,000 shares for cash at $28 per share. April 25: Sold 2,000 treasury shares for cash at $30 per share. June 25: Sold 3,000 treasury shares for cash at $22 per share Required: Prepare journal entries to record the above treasury stock transactions. CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $10,000 cash to purchase land Answer: Dr. Land Cr. Cash 10,000 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A V Ix 0 www ikon