Moving to another question will save this response Question 2 at 15 Question 2 (4.5 Grades) 45 points On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10 par value) $400,000. paid-in (contributed) capital in excess of par value $200,000, and retained earnings $150,000. During the year, the following treasury stock transactions occurred. March 5: Purchased 5,000 shares for cash at $14 per share. April 25 Sold 2,000 treasury shares for cash at $15 per share. June 25 Sold 3.000 treasury shares for cash at $11 per share Required: Prepare journal entries to record the above treasury stock transactions. CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $10,000 cash to purchase land Answer Dr. Land Cr Cash 10,000 10.000 For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac)