Problem 4 On January 1, 2007, the Stockholders Equity Section of the W-30 Corp shows Common Stock/55 par valuee) $1,500,000: Paid in Capital in excess of par of $1,000,000 and retained Earnings of $1,200,000. During the year, the following Treasury Stock transactions occurred. Purchased 50,000 shares for CASH at $16.00 per share SOLD 10,000 Treasury Shares for CASH at $17.00 per share Instructions: Journalize the above two transactions, do not forget the explainations in entries Account Name Debit Credit Problem 3 On January 1, 2007, the Stockholders Equity Section of the W-30 Corp shows Common Stock($5 par valuee) $1,500,000: Paid in Capital in excess of par of $1,000,000: and retained Earnings of $1,200,000. During the year, the following Treasury Stock transactions occurred. Purchased 50,000 shares for CASH at $16.00 per share SOLD 10,000 Treasury Shares for CASH at $13.00 per share Instructions: Journalize the above two transactions, do not forget the explainations in entries. Debit Credit Account Name