Help 1 System Announcements PRINTER VERSION 4 BACK Problem 13-2A (Part Level Submission) Fechter Corporation had the following stockholders' equity accounts on January 1, 2017: Common Stock ($5 par) $511,650, Paid-in Capital in Excess of Par- Common Stock $205,950, and Retained Earnings $115,500. In 2017, the company had the following treasury stock transactions. Mar. 1 Purchased 6,780 shares at $9 per share. June 1 Sold 1,300 shares at $12 per share. Sept.1 Sold 1,920 shares at $10 per share. Dec. 1 Sold 1,220 shares at $7 per share. Fechter Corporation uses the cost method of accounting for treasury stock. In 2017, the company reported net income of $26,200. (a) Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2017, for net income. (Record journal entries in the order pre in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit PRINTER VERSION BACK (a) Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2017, for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 1 Click if you would like to Show Work for this question: Open Show Work 6:34 PM