Instructions Propst-Steele Production Corporation's accounting records provide the following information: 1. Issued 5,000 shares of no-par common stock at $15 per share. 2. Issued an additional 5,000 shares of no-par common stock at $17 per share. 3. Reacquired 500 shares of its no-par common stock at a cost of $12.50 per share. 4. Reissued 200 of its treasury shares at $14 per share. 5. Reissued the remaining treasury shares at $11 per share. Required: ba AGE 43. DIT 00 Prepare journal entries to account for the preceding stock transactions of Propst-Steele Production, assuming it uses the cost method for treasury stock. 100 Casi 6,25 General Journal General Journal Instructions All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 1 GENERAL JOURNAL Score: 143/162 DATE 1 Dec. 31 Cash 2 Common Stock 3 Dec. 31 Cash 4 Common Stock ACCOUNT TITLE POST. REF. DEBIT CREDIT 75,000.00 75,000.00 85,000.00 85,000.00 5 Dec. 31 Treasury Stock 6,250.00 6 Cash 6,250.00 7 Dec. 31 Cash 2,800.00 8 Treasury Stock 2,500.00 9 Additional Paid-in Capital from Treasury Stock 300.00 10 Dec. 31 Cash 3,300.00 11 Additional Paid-in Capital from Treasury Stock 450.00 12 Treasury Stock 3,750.00 13 Feedback Shaded cells have feedback. Points: 27.36/31