Question: Can I get help with this HW question- please. On March 31, 2019, the Benchmark Company shows the following data on their balance sheet: Stockholders'

Can I get help with this HW question- please.

On March 31, 2019, the Benchmark Company shows the following data on their balance sheet: Stockholders' equity Common stock, $2 par, 1,000,000 shares authorized, 120,000 shares issued, 110,000 shares outstanding $240,00 Paid-in capital in excess of par 4,470,000 Retained earnings 5,440,000 Treasury stock, 10,000 shares at $29 (290,000) Total Stockholders' Equity $9,860,000 Assume that Park Place sells 3,700 shares of treasury stock at $20 per share. (Please journalize the sale of treasury stock transaction. ) Please assume there is no credit balance in paid-in capital from sale of treasury stock

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