On January $1,2027,$ the stockholders' equity section of Sandhill Corporation shows common stock $($ $$5$ par value$)$ $$1,500,000$; paid$-$in capital in excess of par $$1,100,000$; and retained earnings $$1,200,000.$ During the year, the following treasury stock transactions occurred.

Mar. $1$ Purchased $49,000$ shares for cash at $$15$ per share.

July $1$ Sold $11,000$ treasury shares for cash at $$17$ per share.

Sept. $1$ Sold $10,000$ treasury shares for cash at $$14$ per share.

$($a$)$

Journalize the treasury stock transactions. $($Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do nat inderit monually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.

Date

Account Titles and Explanation

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$$

$$

$$

$$

$$

$$

Debit

$q,$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

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