Question: Please answer accurately and completely the problem early for an upvote! Problem 1 (10 Points): During 2014 the following selected transactions affecting stockholders' equity occurred

Please answer accurately and completely the problem early for an upvote!

Problem 1 (10 Points): During 2014 the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: April 1, Purchased in the market 400 shares of the company's own common stock at $40 per share. b. June 14, Sold 80 shares of treasure stock for $50 cash popolare Sept. 1, Sold 60 shares of treasure stock for $30 cash per share. a. C. Required: (A) Give journal entries for each of these transactions. (5 Points) (B) Describe the impact, if any, that the transactions of these treasury stock resales have on the income statement. (5 Points)

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