Current Attempt in Progress

Grouper Corporation's balance sheet reported the following:

Capital stock outstanding, $5,000$ shares, par $$40$ per share

$$200,000$

Paid$-$in capital in excess of par

$76,200$

Retained earnings

$105,600$

The following transactions occurred this year:

$($a$)$ Purchased $200$ shares of capital stock to be held as treasury stock, paying $$62$ per share.

$($b$)$ Sold $150$ of the shares of treasury stock at $$67$ per share.

$($c$)$ Sold the remaining shares of treasury stock at $$55$ per share.

Prepare the journal entry for these transactions under the cost method of accounting for treasury stock. $($List all de credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry

Prepare the journal entry for these transactions under the cost method of accounting for treasury stock. $($List all debit entries before credit entries. Credit account titles are automatically indented when 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.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$$

$$

$($b$)$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$($c$)$

$$

$$

$$

$$

$$