e C Secure https://mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt2836185cmid16261 page imported from Edge Imported from Edge chegg Apps Return to course 1 My Subscriptions Triana Mereely- Treasury Stock Inland Corporation issued 30,000 shares of $5 par value common stock at $15 per share and 8,000 shares of $50 par value eight percent preferred stock at $85 per share. Later, the company purchased 3,000 shares of its own common stock at $20 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Inland sold 2,000 shares of the treasury stock at $30 per share. Prepare the general journal entry to record the sale of this treasury stock. c. Assume that Inland sold the remaining 1,000 shares of treasury stock at $18 per share. Prepare the journal entry to record the sale of this treasury stock General Journal Ref. Description Debit Credit a. Cash Common Stock Issued common stock 8 Percent Preferred Stock 8.21 A gro 9/10/2 Type here to search