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Your answer is partially correct. Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in

image text in transcribedimage text in transcribed Your answer is partially correct. Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) On January 1, 2022, the stockholders' equity section of Ayayai Corporation shows common stock ( $5 par value) $1,500,000; paid-in capital in excess of par $1,020,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 51,000 shares for cash at $15 per share. July 1 Sold 11,000 treasury shares for cash at \$17 per share. Sept. 1 Sold 10,000 treasury shares for cash at $14 per share. (a) Your answer is partially correct. Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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