CALCULATOR PRINTERVENTION + BACK Question 2 Windsor Limited had the following equity accounts on January 1, 2017: Share Capital-Ordinary (ES par) 438.195, Share Premium-Ordinary 10,670, and stained Earnings E108,540. In 2017, the company had the following treasury share transactions. Mar. 1 Purchased 6,290 shares at 8 per share. June 1 Sold 772 shares at 613 per share. Sept. 1 Sold 2,100 shares at 10 per share. Dec. 1 Sold 1.290 shares at 6 per share. Windsor uses the cost method of accounting for treasury shares. In 2017, the company reported net income of 626,060. Journalize the treasury share transactions, and prepare the closing entry at December 31, 2017, for net income. (Credit account titles are automatically in fented white amount is entered. Do not indent manually.) CALCULATOR PRINTER VE Journalize the treasury share transactions, and prepare the closing entry at December 31, 2017, for net income. (Credit account uitles are automatically in te amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 1 Open accounts for (1) Share Premium-Treasury, (2) Treasury Shares, and (3) Retained Earnings Post to these accounts using 110 as the posting reference (tenties other order of journal entries presented in the previous part) Share Premium Treasury Date Explanation Red 110 Datit Cat Balance J10 310 Traury Sharms Explanation Med 110 Debat Cred 310 310 310 and Earning CEBE Balance Prepare the equity section for Windsor Limited at December 31, 2017. WINDSOR LIMITED Statement of Financial Position (Partial) 2000-2020 John Wiley & Sons, Al Rights Reserved. A Division of Laholey & Sons