Additional Brief Exercise 261 Partially correct answer.

Additional Brief Exercise 261 Your answer is partially correct. Try again. Domaine Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2018, the company has the following stock transactions. Issued 500,000 shares of stock at $7 per share. Jan. 15 Purchased 30,000 shares of common stock for the treasury at $9 per share. Sept. 5 Journalize the transactions for Domaine Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Credit Debit Jan. 15 Cash 3,500,000 Common Stock 2,500,000 Paid-in Capital in Excess of Par-Common Stock 1,000,000 Sept. 5 Treasury Stock 270000 270000 Cash Open Show Work Click if you would like to Show Work for this